Prescott Group Capital Management L.L.C. Buys Shares of 292,460 BRC Inc. $BRCC

Prescott Group Capital Management L.L.C. bought a new stake in shares of BRC Inc. (NYSE:BRCC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 292,460 shares of the company’s stock, valued at approximately $325,000. Prescott Group Capital Management L.L.C. owned 0.12% of BRC at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BRCC. AQR Capital Management LLC lifted its position in BRC by 342.1% during the 1st quarter. AQR Capital Management LLC now owns 56,861 shares of the company’s stock valued at $119,000 after purchasing an additional 43,998 shares during the period. Millennium Management LLC raised its position in shares of BRC by 4.1% in the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company’s stock valued at $3,911,000 after acquiring an additional 72,962 shares during the period. Goldman Sachs Group Inc. raised its position in shares of BRC by 204.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock valued at $1,361,000 after acquiring an additional 437,359 shares during the period. Geode Capital Management LLC raised its position in shares of BRC by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,270,764 shares of the company’s stock valued at $1,665,000 after acquiring an additional 115,289 shares during the period. Finally, Rhumbline Advisers raised its position in shares of BRC by 158.5% in the 2nd quarter. Rhumbline Advisers now owns 178,510 shares of the company’s stock valued at $234,000 after acquiring an additional 109,444 shares during the period. 16.29% of the stock is currently owned by institutional investors and hedge funds.

BRC Stock Performance

Shares of BRCC stock opened at $1.73 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.74 and a current ratio of 1.36. The company has a market capitalization of $430.39 million, a P/E ratio of -17.25 and a beta of 1.03. The company’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.03. BRC Inc. has a 52 week low of $0.60 and a 52 week high of $2.10.

BRC (NYSE:BRCC) last announced its earnings results on Monday, May 4th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.01. The firm had revenue of $109.23 million for the quarter, compared to the consensus estimate of $96.95 million. BRC had a negative net margin of 2.17% and a negative return on equity of 14.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BRCC shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a research report on Monday, April 20th. DA Davidson reiterated a “buy” rating and issued a $2.50 price target on shares of BRC in a research report on Tuesday, May 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $2.50 price target on shares of BRC in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.50.

Insider Buying and Selling

In related news, Director Steven Taslitz bought 150,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $0.75 per share, for a total transaction of $112,500.00. Following the acquisition, the director owned 601,184 shares of the company’s stock, valued at approximately $450,888. This represents a 33.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 54.87% of the company’s stock.

BRC Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.