BRC Inc. (NYSE:BRCC – Get Free Report) insider Evan Hafer sold 5,572 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $10.59, for a total transaction of $59,007.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Evan Hafer also recently made the following trade(s):
- On Friday, October 16th, Evan Hafer sold 2,724 shares of BRC stock. The stock was sold at an average price of $10.56, for a total value of $28,765.44.
- On Thursday, October 15th, Evan Hafer sold 15,304 shares of BRC stock. The stock was sold at an average price of $10.62, for a total value of $162,528.48.
- On Tuesday, October 13th, Evan Hafer sold 200 shares of BRC stock. The stock was sold at an average price of $10.51, for a total value of $2,102.00.
BRC Trading Up 6.0%
Shares of NYSE BRCC traded up $0.60 during trading hours on Tuesday, hitting $10.60. 177,718 shares of the company traded hands, compared to its average volume of 111,647. The stock has a market capitalization of $265.22 million, a price-to-earnings ratio of -35.32 and a beta of 1.25. 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 company’s 50 day moving average price is $9.02 and its 200 day moving average price is $10.98. BRC Inc. has a 12 month low of $6.00 and a 12 month high of $18.55.
Institutional Trading of BRC
Several institutional investors have recently added to or reduced their stakes in BRCC. Engineers Gate Manager LP boosted its position in shares of BRC by 83.2% during the second quarter. Engineers Gate Manager LP now owns 24,326 shares of the company’s stock valued at $27,000 after buying an additional 11,048 shares during the period. Squarepoint Ops LLC grew its stake in shares of BRC by 53.8% during the second quarter. Squarepoint Ops LLC now owns 72,944 shares of the company’s stock valued at $81,000 after buying an additional 25,519 shares during the last quarter. Zazove Associates LLC grew its stake in shares of BRC by 270.7% during the first quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock valued at $1,552,000 after buying an additional 1,460,546 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of BRC by 9.2% in the first quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock worth $110,000 after buying an additional 11,933 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of BRC in the first quarter worth approximately $232,000. Institutional investors own 16.29% of the company’s stock.
Wall Street Analysts Forecast Growth
BRCC has been the subject of several recent analyst reports. Craig Hallum started coverage on shares of BRC in a research note on Monday, August 3rd. They set a “buy” rating and a $17.50 price objective for the company. DA Davidson increased their target price on shares of BRC from $2.50 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Weiss Ratings downgraded shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BRC currently has an average rating of “Moderate Buy” and an average target price of $22.50.
Read Our Latest Stock Report on BRC
About BRC
Black Rifle Coffee Company (NYSE: BRCC) is a veteran-founded coffee and lifestyle company focused on producing, marketing and selling premium coffee and related products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages and other packaged drinks.
The company sells its products through its e-commerce platform, subscription-based Coffee Club, wholesale and retail partners, and its own coffee shop locations. It also offers branded apparel, merchandise and gear, supported by media and content aimed at military, veteran, first-responder and outdoor communities.
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