BRC Inc. (NYSE:BRCC – Get Free Report) insider Evan Hafer sold 2,000,000 shares of BRC stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1.49, for a total transaction of $2,980,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
BRC Trading Up 2.0%
NYSE:BRCC opened at $1.31 on Friday. BRC Inc. has a 12 month low of $0.60 and a 12 month high of $2.10. The firm has a market cap of $325.60 million, a price-to-earnings ratio of -13.05 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $1.20 and its 200-day moving average is $1.06.
BRC (NYSE:BRCC – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. BRC had a negative net margin of 2.17% and a negative return on equity of 14.55%. The company had revenue of $109.23 million for the quarter, compared to analyst estimates of $96.95 million.
Analysts Set New Price Targets
Check Out Our Latest Report on BRC
Hedge Funds Weigh In On BRC
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC bought a new position in BRC during the fourth quarter worth $26,000. Engineers Gate Manager LP bought a new position in BRC during the second quarter worth $27,000. Virtu Financial LLC increased its position in BRC by 82.2% during the third quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares during the period. Invesco Ltd. increased its position in BRC by 96.1% during the fourth quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock worth $33,000 after acquiring an additional 14,769 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in BRC by 312.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,016 shares of the company’s stock valued at $42,000 after buying an additional 20,469 shares during the period. Institutional investors own 16.29% of the company’s stock.
BRC Company 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.
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