Stock Traders Purchase High Volume of Call Options on BRC (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 19,255 call options on the stock. This represents an increase of approximately 3,169% compared to the typical volume of 589 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BRCC shares. Weiss Ratings upgraded shares of BRC from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of BRC from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Craig Hallum assumed coverage on shares of BRC in a report on Monday. They issued a “buy” rating and a $1.75 target price for the company. Finally, DA Davidson reiterated a “buy” rating and set a $2.50 price target on shares of BRC in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2.25.

Insider Transactions at BRC

In other BRC news, insider Evan Hafer sold 2,000,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1.49, for a total value of $2,980,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 54.87% of the company’s stock.

Institutional Trading of BRC

Institutional investors have recently added to or reduced their stakes in the business. Zazove Associates LLC lifted 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 in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in BRC during the 4th quarter valued at approximately $325,000. Kestra Private Wealth Services LLC bought a new stake in shares of BRC in the fourth quarter worth $26,000. JPMorgan Chase & Co. lifted its position in shares of BRC by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company’s stock worth $61,000 after purchasing an additional 9,102 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in BRC by 23.7% in the third quarter. Tudor Investment Corp ET AL now owns 346,023 shares of the company’s stock valued at $540,000 after buying an additional 66,211 shares during the last quarter. 16.29% of the stock is owned by hedge funds and other institutional investors.

BRC Trading Down 1.4%

Shares of BRCC traded down $0.01 on Tuesday, hitting $1.03. 1,742,144 shares of the stock traded hands, compared to its average volume of 1,053,025. The company has a quick ratio of 0.74, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $258.23 million, a P/E ratio of -10.35 and a beta of 1.25. The stock’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.06. BRC has a 1 year low of $0.60 and a 1 year high of $1.85.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.01. BRC had a negative return on equity of 14.55% and a negative net margin of 2.17%.The company had revenue of $109.23 million during the quarter, compared to analysts’ expectations of $96.95 million.

BRC Company Profile

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.