Anchor Capital Advisors LLC Sells 327,099 Shares of BRC Inc. (NYSE:BRCC)

Anchor Capital Advisors LLC lessened its holdings in shares of BRC Inc. (NYSE:BRCC) by 87.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 49,049 shares of the company’s stock after selling 327,099 shares during the period. Anchor Capital Advisors LLC’s holdings in BRC were worth $178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BRCC. Allworth Financial LP raised its holdings in shares of BRC by 83.6% during the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after buying an additional 4,450 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of BRC during the 4th quarter valued at $37,000. Alhambra Investment Management LLC raised its position in BRC by 21.8% in the 4th quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock worth $61,000 after purchasing an additional 3,000 shares during the period. Raymond James & Associates lifted its stake in BRC by 27.3% in the third quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock worth $79,000 after purchasing an additional 4,697 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in BRC during the third quarter valued at about $89,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued an “outperform” rating and issued a $8.00 target price on shares of BRC in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.92.

BRC Trading Down 3.7 %

Shares of BRC stock opened at $3.89 on Wednesday. The company’s fifty day simple moving average is $4.33 and its two-hundred day simple moving average is $3.94. BRC Inc. has a 12-month low of $2.51 and a 12-month high of $5.85. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.28 and a quick ratio of 0.61.

BRC (NYSE:BRCC) last posted its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. The company had revenue of $119.65 million for the quarter, compared to analysts’ expectations of $124.38 million. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. Sell-side analysts predict that BRC Inc. will post -0.01 EPS for the current year.

BRC Company Profile

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.