Key Points
- BRC insider Evan Hafer sold 12,000 shares at an average price of $11.37, generating approximately $136,440. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Hafer has also sold shares in four other October transactions, bringing his recent sales to 35,800 shares for roughly $388,843 in total proceeds.
- BRCC opened at $12.93, while analysts maintain a “Moderate Buy” consensus with an average price target of $22.50; institutional investors own 16.29% of the company.
BRC Inc. (NYSE:BRCC - Get Free Report) insider Evan Hafer sold 12,000 shares of BRC stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $11.37, for a total transaction of $136,440.00. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 value 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 value 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 value of $2,102.00.
BRC Stock Performance
Shares of BRCC stock opened at $12.93 on Friday. The business has a fifty day moving average of $9.51 and a 200 day moving average of $10.21. BRC Inc. has a 1 year low of $6.00 and a 1 year high of $18.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. The firm has a market capitalization of $323.65 million, a price-to-earnings ratio of -43.10 and a beta of 1.25.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Craig Hallum assumed coverage on BRC in a report on Monday, August 3rd. They issued a "buy" rating and a $17.50 price objective on the stock. DA Davidson lifted their target price on BRC from $2.50 to $25.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Finally, Weiss Ratings lowered BRC from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.50.
Read Our Latest Analysis on BRCC
Institutional Trading of BRC
Several large investors have recently made changes to their positions in the business. Zazove Associates LLC increased its stake in shares of BRC by 270.7% in the first quarter. Zazove Associates LLC now owns 2,000,000 shares of the company's stock worth $1,552,000 after acquiring an additional 1,460,546 shares during the period. Renaissance Technologies LLC purchased a new position in shares of BRC during the first quarter worth $232,000. Bank of America Corp DE raised its holdings in shares of BRC by 9.2% during the first quarter. Bank of America Corp DE now owns 142,209 shares of the company's stock worth $110,000 after purchasing an additional 11,933 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of BRC by 53.8% during the second quarter. Squarepoint Ops LLC now owns 72,944 shares of the company's stock worth $81,000 after purchasing an additional 25,519 shares during the last quarter. Finally, Modera Wealth Management LLC acquired a new position in BRC during the first quarter valued at $78,000. 16.29% of the stock is owned by hedge funds and other institutional investors.
BRC Company Profile
(
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 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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