BRC (NYSE:BRCC) Stock: Insider Evan Hafer Sells 5,572 Shares

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 5,572 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $10.59, for a total value of $59,007.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Friday, October 16th, Evan Hafer sold 2,724 shares of BRC stock. The shares were sold at an average price of $10.56, for a total transaction 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 transaction 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 transaction of $2,102.00.

BRC Trading Down 0.5%

BRC stock opened at $10.53 on Thursday. BRC Inc. has a 1 year low of $6.00 and a 1 year high of $18.55. The firm’s 50 day moving average price is $9.10 and its 200-day moving average price is $11.01. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On BRC

Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP raised its stake in BRC by 83.2% in the second 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 in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in BRC by 67.1% during the first quarter. Kestra Private Wealth Services LLC now owns 38,600 shares of the company’s stock worth $30,000 after buying an additional 15,500 shares during the period. Kestra Advisory Services LLC boosted its position in BRC by 63.0% during the 1st quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company’s stock valued at $54,000 after acquiring an additional 26,672 shares in the last quarter. Modera Wealth Management LLC bought a new stake in BRC during the 1st quarter valued at $78,000. Finally, Squarepoint Ops LLC increased its holdings in shares of BRC by 53.8% in the 2nd quarter. Squarepoint Ops LLC now owns 72,944 shares of the company’s stock valued at $81,000 after acquiring an additional 25,519 shares during the period. 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.