BRC Inc. (NYSE:BRCC) Director Kathryn P. Dickson Purchases 16,000 Shares

BRC Inc. (NYSE:BRCC - Get Free Report) Director Kathryn P. Dickson bought 16,000 shares of the stock in a transaction dated Friday, July 18th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $20,000.00. Following the completion of the purchase, the director directly owned 392,045 shares in the company, valued at approximately $490,056.25. This trade represents a 4.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

BRC Stock Down 6.8%

BRCC traded down $0.12 during trading hours on Friday, hitting $1.65. The stock had a trading volume of 917,074 shares, compared to its average volume of 833,487. The company's fifty day simple moving average is $1.64 and its 200 day simple moving average is $2.15. BRC Inc. has a 1 year low of $1.19 and a 1 year 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.

BRC (NYSE:BRCC - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The company had revenue of $89.97 million for the quarter, compared to analysts' expectations of $88.08 million. BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. Analysts predict that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Roth Capital set a $2.00 target price on BRC and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Telsey Advisory Group reissued an "outperform" rating and issued a $4.00 price objective on shares of BRC in a report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. QVIDTVM Management LLC grew its holdings in BRC by 0.7% during the 1st quarter. QVIDTVM Management LLC now owns 3,301,681 shares of the company's stock valued at $6,901,000 after buying an additional 23,047 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of BRC by 5.6% during the 1st quarter. Cresset Asset Management LLC now owns 3,297,158 shares of the company's stock valued at $6,891,000 after acquiring an additional 175,343 shares during the last quarter. Millennium Management LLC boosted its position in shares of BRC by 4.1% during the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company's stock valued at $3,911,000 after acquiring an additional 72,962 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of BRC by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,116,595 shares of the company's stock valued at $3,540,000 after acquiring an additional 42,957 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of BRC by 204.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company's stock valued at $1,361,000 after acquiring an additional 437,359 shares during the last quarter. Hedge funds and other institutional investors 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.

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