BRC Inc. (NYSE:BRCC) Director Evan Hafer Sells 1,000,000 Shares

BRC Inc. (NYSE:BRCC) Director Evan Hafer sold 1,000,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Evan Hafer also recently made the following trade(s):

• On Wednesday, September 11th, Evan Hafer sold 3,000,000 shares of BRC stock. The shares were sold at an average price of $3.20, for a total value of $9,600,000.00.

BRC Trading Up 11.9 %

NYSE BRCC opened at $3.66 on Wednesday. The firm has a market capitalization of $777.82 million, a PE ratio of -20.33 and a beta of 1.18. The company has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $4.94. BRC Inc. has a one year low of $2.51 and a one year high of $7.14. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 1.07.

BRC (NYSE:BRCC) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $89.02 million for the quarter, compared to the consensus estimate of $101.54 million. BRC had a positive return on equity of 17.53% and a negative net margin of 1.88%. During the same quarter in the previous year, the business earned ($0.03) EPS. On average, equities analysts forecast that BRC Inc. will post -0.02 earnings per share for the current year.

Analysts Set New Price Targets

BRCC has been the subject of a number of recent analyst reports. DA Davidson reissued a “buy” rating and set a $5.50 price objective on shares of BRC in a research report on Friday, September 6th. Roth Mkm lowered shares of BRC from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.00 to $4.00 in a research note on Friday, August 9th. Telsey Advisory Group cut their price target on shares of BRC from $8.00 to $6.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Tigress Financial reaffirmed a “buy” rating and issued a $11.00 target price on shares of BRC in a report on Wednesday, May 22nd. Finally, Roth Capital lowered shares of BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.63.

Institutional Trading of BRC

Several institutional investors and hedge funds have recently bought and sold shares of BRCC. Wasatch Advisors LP lifted its holdings in shares of BRC by 334.0% during the 1st quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock valued at $6,246,000 after buying an additional 1,123,157 shares during the last quarter. Blair William & Co. IL lifted its position in shares of BRC by 370.2% in the 2nd quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock worth $4,921,000 after acquiring an additional 632,000 shares during the period. Maso Capital Partners Ltd bought a new position in BRC in the first quarter worth $2,140,000. Marshall Wace LLP boosted its position in shares of BRC by 76.4% during the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after acquiring an additional 351,757 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in BRC by 131.1% in the second quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock worth $2,570,000 after purchasing an additional 237,869 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Company Profile

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.