Stephen M. Kadenacy Purchases 80,000 Shares of BRC Inc. (NYSE:BRCC) Stock

BRC Inc. (NYSE:BRCC - Get Free Report) Director Stephen M. Kadenacy acquired 80,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was acquired at an average price of $1.25 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director owned 1,068,482 shares of the company's stock, valued at $1,335,602.50. This trade represents a 8.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BRC Stock Up 13.3%

NYSE BRCC traded up $0.23 on Tuesday, reaching $1.92. The company had a trading volume of 2,267,461 shares, compared to its average volume of 843,916. The stock has a market capitalization of $408.32 million, a P/E ratio of -21.28 and a beta of 0.90. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company's fifty day moving average is $1.64 and its 200 day moving average is $2.12. BRC Inc. has a 52-week low of $1.19 and a 52-week high of $5.81.

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 the consensus estimate of ($0.02) by ($0.02). The company had revenue of $89.97 million for the quarter, compared to the consensus estimate of $88.08 million. BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. Sell-side analysts anticipate that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock worth $29,000 after purchasing an additional 4,637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BRC during the fourth quarter valued at approximately $30,000. Ellsworth Advisors LLC purchased a new stake in BRC during the 1st quarter valued at $34,000. ProShare Advisors LLC purchased a new position in BRC during the fourth quarter worth $47,000. Finally, Ameriprise Financial Inc. bought a new position in BRC during the fourth quarter valued at $47,000. 16.29% of the stock is owned by institutional investors.

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.