BRC (NYSE:BRCC) Insider Evan Hafer Sells 15,304 Shares of Company Stock

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 15,304 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available through 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 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 Up 0.5%

BRCC stock traded up $0.06 during trading on Thursday, reaching $10.53. The stock had a trading volume of 158,856 shares, compared to its average volume of 111,157. BRC Inc. has a one year low of $6.00 and a one year high of $18.55. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $8.98 and its two-hundred day moving average is $10.92. The company has a market capitalization of $263.43 million, a price-to-earnings ratio of -35.08 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BRCC shares. Craig Hallum initiated coverage on shares of BRC in a research report on Monday, August 3rd. They set a “buy” rating and a $17.50 target price on the stock. DA Davidson upped their target price on BRC from $2.50 to $25.00 and gave the company 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 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. Based on data from MarketBeat.com, BRC currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Institutional Investors Weigh In On BRC

Several large investors have recently made changes to their positions in the business. Engineers Gate Manager LP raised its stake in shares of 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 purchasing an additional 11,048 shares during the period. Squarepoint Ops LLC raised its stake in shares of BRC by 53.8% during the 2nd 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 period. Zazove Associates LLC boosted its holdings 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 worth $1,552,000 after buying an additional 1,460,546 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BRC by 9.2% in the 1st quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock worth $110,000 after buying an additional 11,933 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of BRC in the 1st quarter worth about $232,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

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 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.