BRC (NYSE:BRCC) Director Sells $86,100.00 in Stock

BRC Inc. (NYSE:BRCC) Director Stephen Kadenacy sold 105,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $0.82, for a total value of $86,100.00. Following the completion of the sale, the director owned 234,953 shares of the company’s stock, valued at approximately $192,661.46. This trade represents a 30.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

BRC Stock Performance

Shares of BRCC opened at $0.85 on Friday. The company has a market capitalization of $212.02 million, a PE ratio of -28.24 and a beta of 1.25. BRC Inc. has a one year low of $0.60 and a one year high of $1.85. 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 company’s fifty day moving average price is $1.11 and its 200 day moving average price is $1.06.

BRC shares are going to reverse split before the market opens on Monday, August 24th. The 1-10 reverse split was announced on Monday, August 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 21st.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BRCC shares. Weiss Ratings lowered shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 4th. Craig Hallum initiated coverage on shares of BRC in a research note on Monday, August 3rd. They issued a “buy” rating and a $1.75 target price for the company. DA Davidson reissued a “buy” rating and set a $2.50 target price on shares of BRC in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded BRC from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2.25.

Institutional Trading of BRC

Institutional investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC bought a new position in shares of BRC during the fourth quarter valued at $26,000. Engineers Gate Manager LP acquired a new stake in shares of BRC during the 2nd quarter worth about $27,000. Invesco Ltd. lifted its holdings in BRC by 96.1% during the 4th quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock valued at $33,000 after purchasing an additional 14,769 shares during the last quarter. Virtu Financial LLC lifted its holdings in BRC by 82.2% during the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock valued at $33,000 after purchasing an additional 9,492 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in BRC by 312.6% in the third quarter. BNP Paribas Financial Markets now owns 27,016 shares of the company’s stock valued at $42,000 after buying an additional 20,469 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

About BRC

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.