Key Points
- Director Steven Taslitz bought 150,000 shares of BRC on March 5 at $0.75 each (total $112,500), boosting his stake 33.25% to 601,184 shares; the trade was disclosed in an SEC filing.
- Shares rose about 13.1% (opened $0.89) after the filing; the company has a $220.4M market cap, a negative P/E of -6.34, a 52-week range of $0.60–$2.40, and reported ($0.03) EPS on March 2 with $112.7M in revenue and negative margins.
- Sentiment is mixed: the consensus rating is "Hold" (consensus target $2.33) with two Buys, one Hold and one Sell, while institutional ownership is ~16.29% with recent stake increases by firms like Cresset, JPMorgan and a new position from Fayez Sarofim.
BRC Inc. (NYSE:BRCC - Get Free Report) Director Steven Taslitz bought 150,000 shares of the business's stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $0.75 per share, for a total transaction of $112,500.00. Following the acquisition, the director directly owned 601,184 shares of the company's stock, valued at approximately $450,888. The trade was a 33.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
BRC Stock Up 13.1%
Shares of NYSE BRCC opened at $0.89 on Tuesday. The firm's fifty day moving average is $0.86 and its 200 day moving average is $1.20. BRC Inc. has a 52 week low of $0.60 and a 52 week high of $2.40. The company has a quick ratio of 0.67, a current ratio of 1.32 and a debt-to-equity ratio of 0.48. The company has a market cap of $220.42 million, a price-to-earnings ratio of -6.34 and a beta of 0.94.
BRC (NYSE:BRCC - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $112.74 million for the quarter. BRC had a negative net margin of 2.99% and a negative return on equity of 21.46%. On average, equities research analysts expect that BRC Inc. will post -0.02 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC raised its stake in BRC by 30.3% in the second quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company's stock worth $5,629,000 after buying an additional 1,000,000 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in BRC during the 4th quarter valued at approximately $26,000. JPMorgan Chase & Co. boosted its position in BRC by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company's stock valued at $61,000 after acquiring an additional 9,102 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of BRC by 23.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 346,023 shares of the company's stock worth $540,000 after acquiring an additional 66,211 shares during the period. Finally, Fayez Sarofim & Co purchased a new position in shares of BRC during the 3rd quarter worth approximately $2,456,000. 16.29% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BRCC shares. Telsey Advisory Group reissued an "outperform" rating and issued a $2.50 target price on shares of BRC in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of BRC in a research report on Wednesday, January 21st. Finally, DA Davidson set a $2.50 price objective on BRC in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.33.
Get Our Latest Stock Analysis on BRC
About BRC
(
Get Free Report)
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.
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