Key Points
- Insider sale: Evan Hafer sold 2,724 BRC shares at an average price of $10.56, worth $28,765.44, under a pre-arranged Rule 10b5-1 trading plan. He also sold additional shares in several nearby transactions.
- Stock performance: BRCC opened at $10.60, with a market capitalization of approximately $265 million. The stock has traded between $6.00 and $18.55 over the past year and remains below its 200-day moving average of $11.00.
- Analyst outlook: Analysts give BRC a consensus “Moderate Buy” rating with an average price target of $22.50, though one ratings firm maintains a Sell rating. Institutional investors own 16.29% of the company.
BRC Inc. (NYSE:BRCC - Get Free Report) insider Evan Hafer sold 2,724 shares of BRC stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $10.56, for a total value of $28,765.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 stock was sold at an average price of $10.59, for a total value of $59,007.48.
- 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 shares were sold at an average price of $10.51, for a total value of $2,102.00.
BRC Stock Performance
Shares of NYSE BRCC opened at $10.60 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a 50 day moving average price of $9.07 and a 200 day moving average price of $11.00. The stock has a market capitalization of $265.21 million, a PE ratio of -35.32 and a beta of 1.25. BRC Inc. has a 52 week low of $6.00 and a 52 week high of $18.55.
Wall Street Analysts Forecast Growth
BRCC has been the topic of a number of analyst reports. DA Davidson upped their price objective on BRC from $2.50 to $25.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Craig Hallum began coverage on BRC in a report on Monday, August 3rd. They issued a "buy" rating and a $17.50 price objective for the company. Finally, Weiss Ratings cut shares of BRC from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.50.
Read Our Latest Report on BRC
Institutional Trading of BRC
Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP lifted its position in shares of BRC by 83.2% in 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 last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of BRC by 67.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 38,600 shares of the company's stock worth $30,000 after acquiring an additional 15,500 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of BRC by 63.0% during the 1st quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company's stock worth $54,000 after acquiring an additional 26,672 shares during the last quarter. Modera Wealth Management LLC acquired a new position in shares of BRC during the 1st quarter worth approximately $78,000. Finally, Squarepoint Ops LLC increased its holdings in shares of BRC by 53.8% during the 2nd quarter. Squarepoint Ops LLC now owns 72,944 shares of the company's stock worth $81,000 after acquiring an additional 25,519 shares during the last quarter. Institutional investors own 16.29% of the company's stock.
About BRC
(
Get Free Report)
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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