Key Points
- Insider sale: BRC insider Evan Hafer sold 2,000,000 shares on June 1 at an average price of $1.49, totaling about $2.98 million.
- Company performance: BRC recently reported quarterly EPS of $0.00, beating expectations, and revenue of $109.23 million versus the $96.95 million forecast.
- Analyst view: Wall Street’s consensus rating on BRCC is currently Hold, with an average price target of $2.50; institutional investors own about 16.29% of the stock.
BRC Inc. (NYSE:BRCC - Get Free Report) insider Evan Hafer sold 2,000,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1.49, for a total transaction of $2,980,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
BRC Stock Performance
Shares of NYSE:BRCC opened at $1.50 on Thursday. The company has a market cap of $373.00 million, a price-to-earnings ratio of -14.95 and a beta of 1.20. The company has a 50-day moving average price of $1.18 and a 200-day moving average price of $1.06. The company has a current ratio of 1.36, a quick ratio of 0.74 and a debt-to-equity ratio of 0.46. BRC Inc. has a 12 month low of $0.60 and a 12 month high of $2.10.
BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.01. BRC had a negative net margin of 2.17% and a negative return on equity of 14.55%. The company had revenue of $109.23 million during the quarter, compared to the consensus estimate of $96.95 million.
Institutional Investors Weigh In On BRC
Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in BRC by 342.1% in the 1st quarter. AQR Capital Management LLC now owns 56,861 shares of the company's stock worth $119,000 after buying an additional 43,998 shares during the period. Millennium Management LLC grew its position in shares of BRC by 4.1% during the first quarter. Millennium Management LLC now owns 1,871,110 shares of the company's stock worth $3,911,000 after purchasing an additional 72,962 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company's stock worth $1,361,000 after purchasing an additional 437,359 shares in the last quarter. Geode Capital Management LLC grew its position in shares of BRC by 10.0% during the second quarter. Geode Capital Management LLC now owns 1,270,764 shares of the company's stock worth $1,665,000 after purchasing an additional 115,289 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of BRC by 158.5% during the second quarter. Rhumbline Advisers now owns 178,510 shares of the company's stock worth $234,000 after purchasing an additional 109,444 shares in the last quarter. 16.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $2.50 price target on shares of BRC in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of BRC from a "hold" rating to a "buy" rating in a report on Saturday, May 23rd. DA Davidson reiterated a "buy" rating and set a $2.50 price target on shares of BRC in a report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of BRC in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $2.50.
View Our Latest Research Report on BRCC
BRC Company Profile
(
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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