BRC Inc. (NYSE:BRCC) Director Buys $20,000.00 in Stock

BRC Inc. (NYSE:BRCC - Get Free Report) Director Kathryn P. Dickson purchased 16,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was bought at an average price of $1.25 per share, for a total transaction of $20,000.00. Following the acquisition, the director owned 392,045 shares in the company, valued at $490,056.25. The trade was a 4.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BRC Stock Performance

NYSE:BRCC traded up $0.23 during trading hours on Tuesday, hitting $1.92. 2,267,461 shares of the company traded hands, compared to its average volume of 843,916. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $2.12. BRC Inc. has a twelve month low of $1.19 and a twelve month high of $5.81. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $408.32 million, a price-to-earnings ratio of -21.28 and a beta of 0.90.

BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. The firm had revenue of $89.97 million during the quarter, compared to analyst estimates of $88.08 million. On average, analysts forecast that BRC Inc. will post -0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BRCC shares. Telsey Advisory Group reiterated an "outperform" rating and set a $4.00 price objective on shares of BRC in a research note on Thursday, July 17th. Roth Capital set a $2.00 target price on BRC and gave the company a "neutral" rating in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On BRC

Several institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its stake in BRC by 1,018.3% in the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company's stock valued at $5,700,000 after acquiring an additional 1,637,357 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of BRC by 204.5% in the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company's stock worth $1,361,000 after acquiring an additional 437,359 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of BRC by 697.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company's stock valued at $1,413,000 after purchasing an additional 389,833 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in BRC during the 4th quarter worth approximately $872,000. Finally, Cerity Partners LLC bought a new position in BRC in the 1st quarter valued at approximately $518,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

About BRC

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.