BRC (NYSE:BRCC) Director Kathryn Dickson Acquires 50,000 Shares

BRC Inc. (NYSE:BRCC) Director Kathryn Dickson acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $0.85 per share, with a total value of $42,500.00. Following the transaction, the director owned 522,690 shares of the company’s stock, valued at approximately $444,286.50. The trade was a 10.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BRC Trading Down 1.1%

BRCC stock traded down $0.01 during midday trading on Wednesday, hitting $0.81. The stock had a trading volume of 1,129,151 shares, compared to its average volume of 1,080,217. The company’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.06. 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 firm has a market cap of $203.49 million, a PE ratio of -27.10 and a beta of 1.25. BRC Inc. has a 12-month low of $0.60 and a 12-month high of $1.85.

BRC’s stock is going to reverse split 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BRCC shares. Craig Hallum began coverage on BRC in a report on Monday, August 3rd. They issued a “buy” rating and a $1.75 price objective on the stock. Weiss Ratings cut BRC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of BRC from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $2.50 price objective on shares of BRC in a research report on Wednesday, August 5th. Three equities research 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, the stock has an average rating of “Moderate Buy” and an average target price of $2.25.

Institutional Investors Weigh In On BRC

Several hedge funds and other institutional investors have recently modified their holdings of BRCC. Zazove Associates LLC increased its holdings in BRC by 270.7% in the first quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock valued at $1,552,000 after buying an additional 1,460,546 shares during the last quarter. Bank of America Corp DE increased 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 valued at $110,000 after acquiring an additional 11,933 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of BRC during the first quarter worth $232,000. Modera Wealth Management LLC bought a new position in BRC in the first quarter worth about $78,000. Finally, Kestra Advisory Services LLC raised its position in shares of BRC by 63.0% during the 1st quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company’s stock worth $54,000 after purchasing an additional 26,672 shares during the period. Institutional investors 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.