BRC Inc. (NYSE:BRCC – Get Free Report) insider Evan Hafer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $11.37, for a total transaction of $136,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Evan Hafer also recently made the following trade(s):
- On Tuesday, October 20th, Evan Hafer sold 5,572 shares of BRC stock. The shares were sold at an average price of $10.59, for a total transaction of $59,007.48.
- On Friday, October 16th, Evan Hafer sold 2,724 shares of BRC stock. The shares were sold at an average price of $10.56, for a total transaction of $28,765.44.
- On Thursday, October 15th, Evan Hafer sold 15,304 shares of BRC stock. The shares were sold at an average price of $10.62, for a total transaction 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 transaction of $2,102.00.
BRC Stock Up 6.4%
Shares of BRC stock opened at $12.93 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.40. The company has a market cap of $323.65 million, a P/E ratio of -43.10 and a beta of 1.25. The firm’s 50 day moving average price is $9.51 and its 200-day moving average price is $10.21. BRC Inc. has a 52-week low of $6.00 and a 52-week high of $18.55.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on BRCC shares. DA Davidson lifted their price target on shares of BRC from $2.50 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Craig Hallum began coverage on BRC in a research report on Monday, August 3rd. They set a “buy” rating and a $17.50 price target on the stock. Finally, Weiss Ratings lowered BRC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.
View Our Latest Analysis on BRCC
Institutional Investors Weigh In On BRC
Large investors have recently modified their holdings of the business. Zazove Associates LLC increased its holdings 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 acquiring an additional 1,460,546 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of BRC in the 1st quarter valued at approximately $232,000. Bank of America Corp DE raised its position in shares of BRC by 9.2% in the 1st quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock valued at $110,000 after purchasing an additional 11,933 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in BRC in the 1st quarter worth approximately $78,000. Finally, Squarepoint Ops LLC boosted its stake in BRC by 53.8% in the 2nd quarter. Squarepoint Ops LLC now owns 72,944 shares of the company’s stock worth $81,000 after purchasing an additional 25,519 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 (NYSE: BRCC) is a veteran-founded coffee and lifestyle company focused on producing, marketing and selling premium coffee products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages, tea, brewing equipment, apparel and other branded merchandise.
The company distributes its products through direct-to-consumer channels, including its online store and coffee subscription programs, as well as wholesale and retail partners.
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