BRC (NYSE:BRCC) Stock: Insider Evan Hafer Sells 12,000 Shares

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 12,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $11.37, for a total transaction of $136,440.00. The sale was disclosed in a legal filing with the SEC, which is accessible 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 20th, Evan Hafer sold 5,572 shares of BRC stock. The shares were sold at an average price of $10.59, for a total transaction of $59,007.48.
• 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 stock was sold at an average price of $10.51, for a total value of $2,102.00.

BRC Trading Up 6.4%

Shares of NYSE BRCC traded up $0.78 during midday trading on Thursday, reaching $12.93. 189,067 shares of the stock were exchanged, compared to its average volume of 112,736. The stock has a 50 day moving average price of $9.41 and a 200-day moving average price of $10.19. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $323.66 million, a P/E ratio of -43.10 and a beta of 1.25. BRC Inc. has a 52-week low of $6.00 and a 52-week high of $18.55.

Institutional Investors Weigh In On BRC

Institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP lifted its holdings in shares of BRC by 83.2% in 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 last quarter. Kestra Private Wealth Services LLC increased its position in BRC by 67.1% in 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 lifted its stake in BRC by 63.0% in the first quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company’s stock valued at $54,000 after buying an additional 26,672 shares during the last quarter. Modera Wealth Management LLC bought a new stake in shares of BRC during the first quarter valued at approximately $78,000. Finally, Squarepoint Ops LLC boosted its position in 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 acquiring an additional 25,519 shares during the period. Institutional investors own 16.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

About BRC

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.