BRC (NYSE:BRCC) Insider Sells $162,528.48 in Stock

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 15,304 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $10.62, for a total transaction of $162,528.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 13th, Evan Hafer sold 200 shares of BRC stock. The stock was sold at an average price of $10.51, for a total transaction of $2,102.00.

BRC Stock Performance

BRC stock opened at $10.13 on Friday. 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 $253.64 million, a P/E ratio of -33.78 and a beta of 1.25. BRC Inc. has a 1-year low of $6.00 and a 1-year high of $18.55. The company’s 50-day moving average is $9.00 and its 200 day moving average is $10.94.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. DA Davidson upped their target price on BRC from $2.50 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Craig Hallum initiated coverage on BRC in a research note on Monday, August 3rd. They set a “buy” rating and a $17.50 price target for the company. Finally, Weiss Ratings cut BRC from a “sell (d-)” rating to a “sell (e+)” rating in a report 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BRCC. Zazove Associates LLC increased its stake in BRC by 270.7% in the 1st quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock worth $1,552,000 after buying an additional 1,460,546 shares during the period. Engineers Gate Manager LP lifted its holdings in BRC by 83.2% during the 2nd 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 in the last quarter. Squarepoint Ops LLC lifted its holdings in BRC by 53.8% during the 2nd quarter. Squarepoint Ops LLC now owns 72,944 shares of the company’s stock valued at $81,000 after buying an additional 25,519 shares in the last quarter. Bank of America Corp DE boosted its position in BRC by 9.2% in the 1st quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock valued at $110,000 after buying an additional 11,933 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in BRC in the 1st quarter valued at about $232,000. 16.29% of the stock is currently owned by institutional investors.

About BRC

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.