BRC Inc. (NYSE:BRCC) Director Stephen M. Kadenacy Acquires 80,000 Shares

BRC Inc. (NYSE:BRCC - Get Free Report) Director Stephen M. Kadenacy purchased 80,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were purchased at an average cost of $1.25 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director directly owned 1,068,482 shares of the company's stock, valued at $1,335,602.50. This represents a 8.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BRC Trading Down 6.8%

Shares of BRCC stock traded down $0.12 during trading hours on Friday, hitting $1.65. The company's stock had a trading volume of 917,074 shares, compared to its average volume of 833,487. The business has a fifty day moving average of $1.64 and a 200-day moving average of $2.15. BRC Inc. has a twelve month low of $1.19 and a twelve month high of $5.81. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

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

Institutional Trading of BRC

A number of hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in shares of BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock valued at $29,000 after purchasing an additional 4,637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BRC in the 4th quarter valued at $30,000. Ellsworth Advisors LLC purchased a new position in shares of BRC in the 1st quarter valued at $34,000. ProShare Advisors LLC purchased a new position in shares of BRC in the 4th quarter valued at $47,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of BRC in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 16.29% of the company's stock.

Analyst Upgrades and Downgrades

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

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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