Raymond James Financial Inc. Purchases Shares of 23,918 BRC Inc. (NYSE:BRCC)

Raymond James Financial Inc. purchased a new position in shares of BRC Inc. (NYSE:BRCC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,918 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Barclays PLC lifted its stake in BRC by 325.9% during the third quarter. Barclays PLC now owns 74,967 shares of the company’s stock worth $257,000 after purchasing an additional 57,366 shares during the period. State Street Corp boosted its position in BRC by 3.2% in the third quarter. State Street Corp now owns 955,717 shares of the company’s stock valued at $3,269,000 after buying an additional 29,596 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of BRC in the 4th quarter worth approximately $61,000. SG Americas Securities LLC bought a new stake in shares of BRC during the fourth quarter worth $58,000. Finally, HighTower Advisors LLC increased its stake in shares of BRC by 153.4% in the third quarter. HighTower Advisors LLC now owns 27,521 shares of the company’s stock valued at $91,000 after buying an additional 16,661 shares in the last quarter. 16.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BRCC shares. Roth Mkm reiterated a “neutral” rating and set a $2.50 price target (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Telsey Advisory Group set a $4.00 price target on shares of BRC in a report on Wednesday, March 5th. DA Davidson restated a “buy” rating and issued a $3.00 price objective on shares of BRC in a research report on Wednesday, March 19th. Finally, Roth Capital set a $2.50 price objective on BRC in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.60.

BRC Stock Performance

Shares of BRC stock opened at $2.18 on Monday. BRC Inc. has a 52 week low of $1.89 and a 52 week high of $7.14. The firm has a fifty day moving average of $2.27 and a two-hundred day moving average of $2.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The stock has a market capitalization of $463.37 million, a price-to-earnings ratio of -27.19 and a beta of 1.16.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.