BRC (NYSE:BRCC) Insider Sells $136,440.00 in Stock

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $11.37, for a total value of $136,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Friday, October 16th, Evan Hafer sold 2,724 shares of BRC stock. The stock was 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 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 $12.64 on Friday. The company has a market capitalization of $316.38 million, a price-to-earnings ratio of -42.13 and a beta of 1.25. The firm’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $10.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. BRC Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $18.55.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRCC shares. Craig Hallum initiated coverage on shares of BRC in a report on Monday, August 3rd. They issued a “buy” rating and a $17.50 target price on the stock. Weiss Ratings lowered shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 4th. Finally, DA Davidson upped their price objective on shares of BRC from $2.50 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.50.

Hedge Funds Weigh In On BRC

Several institutional investors have recently modified their holdings of the business. Zazove Associates LLC grew its position in shares of BRC by 270.7% in the 1st quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock valued at $1,552,000 after purchasing an additional 1,460,546 shares during the period. Engineers Gate Manager LP raised 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 worth $27,000 after buying an additional 11,048 shares during the period. Squarepoint Ops LLC lifted its stake in BRC by 53.8% in the second 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 lifted its stake in BRC by 9.2% in the first 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 in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of BRC in the first quarter valued at approximately $232,000. Institutional investors own 16.29% of the company’s stock.

BRC Company Profile

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.