BRC Inc. (NYSE:BRCC – Get Free Report) dropped 4.4% during trading on Thursday . The company traded as low as $1.19 and last traded at $1.2050. Approximately 1,102,009 shares changed hands during mid-day trading, an increase of 49% from the average session volume of 740,025 shares. The stock had previously closed at $1.26.
Analyst Upgrades and Downgrades
BRCC has been the subject of several recent analyst reports. Wall Street Zen raised BRC from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of BRC from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, DA Davidson restated a “buy” rating and set a $2.50 price objective on shares of BRC in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.50.
View Our Latest Analysis on BRC
BRC Price Performance
BRC (NYSE:BRCC – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. The business had revenue of $109.23 million for the quarter, compared to analysts’ expectations of $96.95 million. BRC had a negative net margin of 2.17% and a negative return on equity of 14.55%.
Insider Activity
In other news, insider Evan Hafer sold 2,000,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 54.87% of the stock is currently owned by insiders.
Institutional Trading of BRC
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. bought a new position in shares of BRC during the 3rd quarter valued at approximately $16,206,000. Vanguard Group Inc. raised its holdings in BRC by 50.9% during the third quarter. Vanguard Group Inc. now owns 4,152,681 shares of the company’s stock valued at $6,478,000 after acquiring an additional 1,399,833 shares during the period. QVIDTVM Management LLC raised its holdings in BRC by 1.8% during the fourth quarter. QVIDTVM Management LLC now owns 3,400,681 shares of the company’s stock valued at $3,775,000 after acquiring an additional 60,000 shares during the period. Nantahala Capital Management LLC purchased a new position in shares of BRC in the third quarter valued at about $4,104,000. Finally, Geode Capital Management LLC boosted its stake in shares of BRC by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,234,710 shares of the company’s stock worth $2,481,000 after acquiring an additional 151,438 shares during the period. Hedge funds and other 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.
Read More
- Five stocks we like better than BRC
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
- AMD and Cerbras Create A New Blueprint For Hardware
Receive News & Ratings for BRC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRC and related companies with MarketBeat.com's FREE daily email newsletter.
