Key Points
- Director Steven Taslitz bought 100,000 shares of BRC at an average price of $1.28 on Nov. 12 for a total of $128,000, raising his ownership to 451,184 shares (a 28.48% increase) valued at about $577,516, per an SEC filing.
- BRC shares traded up about 1.2% to $1.29, sit in a 52-week range of $1.19–$3.34 with a market cap of ~$319.3M and a negative P/E, and consensus analyst coverage is a "Hold" with a $2.50 target.
BRC Inc. (NYSE:BRCC - Get Free Report) Director Steven Taslitz acquired 100,000 shares of the firm's stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $1.28 per share, for a total transaction of $128,000.00. Following the completion of the transaction, the director owned 451,184 shares of the company's stock, valued at approximately $577,515.52. This trade represents a 28.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
BRC Trading Up 1.2%
NYSE:BRCC traded up $0.02 during mid-day trading on Friday, hitting $1.29. 451,378 shares of the stock traded hands, compared to its average volume of 538,706. The company has a quick ratio of 0.68, a current ratio of 1.34 and a debt-to-equity ratio of 0.44. BRC Inc. has a 52 week low of $1.19 and a 52 week high of $3.34. The stock has a market capitalization of $319.32 million, a price-to-earnings ratio of -9.18 and a beta of 0.90. The firm's 50 day moving average is $1.44 and its two-hundred day moving average is $1.59.
Institutional Investors Weigh In On BRC
Institutional investors have recently modified their holdings of the business. Cerity Partners LLC purchased a new position in shares of BRC during the 1st quarter valued at approximately $518,000. XTX Topco Ltd lifted its stake in shares of BRC by 51.1% in the 1st quarter. XTX Topco Ltd now owns 47,751 shares of the company's stock valued at $100,000 after purchasing an additional 16,154 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in BRC by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 375,723 shares of the company's stock valued at $785,000 after purchasing an additional 15,923 shares during the last quarter. QVIDTVM Management LLC lifted its holdings in BRC by 0.7% during the 1st quarter. QVIDTVM Management LLC now owns 3,301,681 shares of the company's stock worth $6,901,000 after buying an additional 23,047 shares in the last quarter. Finally, Nuveen LLC acquired a new position in BRC during the 1st quarter worth $257,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
BRCC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of BRC in a research note on Wednesday, October 8th. Wall Street Zen raised BRC from a "sell" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $2.50 price target on shares of BRC in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $2.50.
View Our Latest Stock Analysis on BRC
BRC Company Profile
(
Get Free Report)
BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.
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