BRC Inc. (NYSE:BRCC – Get Free Report) Director Kathryn Dickson acquired 50,000 shares of BRC stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $0.85 per share, with a total value of $42,500.00. Following the completion of the acquisition, the director owned 522,690 shares of the company’s stock, valued at $444,286.50. This trade represents a 10.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
BRC Stock Down 1.1%
BRC stock opened at $0.81 on Thursday. BRC Inc. has a 1-year low of $0.60 and a 1-year high of $1.85. The firm has a 50 day simple moving average of $1.12 and a 200 day simple moving average of $1.06. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $203.49 million, a price-to-earnings ratio of -27.10 and a beta of 1.25.
Shares of BRC are going to reverse split before the market opens on Monday, August 24th. The 1-10 reverse split was announced on Monday, August 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 21st.
Wall Street Analyst Weigh In
Get Our Latest Research Report on BRCC
Institutional Trading of BRC
Institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC lifted its stake in shares of BRC by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 256,827 shares of the company’s stock worth $336,000 after purchasing an additional 8,930 shares during the period. JPMorgan Chase & Co. grew its holdings in BRC by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company’s stock valued at $61,000 after purchasing an additional 9,102 shares during the period. Alliancebernstein L.P. increased its position in BRC by 9.3% in the third quarter. Alliancebernstein L.P. now owns 107,900 shares of the company’s stock worth $168,000 after buying an additional 9,200 shares in the last quarter. Virtu Financial LLC raised its stake in shares of BRC by 82.2% in the third quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after buying an additional 9,492 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of BRC by 9.2% during the 1st quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock valued at $110,000 after buying an additional 11,933 shares in the last quarter. 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.
Featured Stories
- Five stocks we like better than BRC
- One Platform, Every Ailment: Hinge Health’s Gamble
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
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.
