7,400 Shares in BRP Inc. $DOOO Acquired by Thomist Capital Management LP

by · The Markets Daily

Thomist Capital Management LP bought a new position in BRP Inc. (NASDAQ:DOOO – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 7,400 shares of the company’s stock, valued at approximately $357,000.

Several other hedge funds also recently modified their holdings of DOOO. Acadian Asset Management LLC acquired a new stake in shares of BRP in the first quarter valued at $70,000. State of Wyoming acquired a new stake in BRP in the 1st quarter valued at about $93,000. Russell Investments Group Ltd. lifted its holdings in BRP by 75.3% in the 1st quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company’s stock valued at $129,000 after acquiring an additional 1,641 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of BRP during the 1st quarter valued at about $207,000. Finally, XTX Topco Ltd acquired a new position in shares of BRP in the 2nd quarter worth approximately $308,000.

BRP Stock Performance

DOOO stock opened at $69.41 on Wednesday. The firm has a 50 day simple moving average of $65.05 and a 200 day simple moving average of $56.61. BRP Inc. has a 52 week low of $31.78 and a 52 week high of $70.91. The stock has a market cap of $5.07 billion, a P/E ratio of -289.21 and a beta of 1.26. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOOO. Citigroup raised BRP from a “neutral” rating to a “buy” rating and upped their price target for the company from $68.00 to $73.00 in a report on Wednesday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of BRP in a research report on Tuesday, September 2nd. Wall Street Zen downgraded BRP from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. CIBC raised BRP from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, September 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BRP in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.60.

Read Our Latest Stock Report on DOOO

BRP Profile

(Free Report)

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.

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