BRC (NYSE:BRCC) Stock Set to Reverse Split on Monday, August 24th

Key Points

• BRC Inc. will execute a 1-for-10 reverse stock split before the market opens on Monday, August 24, with shareholder holdings adjusted after the close on Friday, August 21.
• BRCC recently traded at $0.85, with a market capitalization of about $212 million; its shares are down 1.9% and remain near the lower end of their $0.60–$1.85 one-year range.
• Analyst sentiment is mixed but leans positive: three analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and a $2.25 average price target. Insider ownership is high at 54.87%, though insider Evan Hafer recently sold 2 million shares.

Shares of BRC Inc. (NYSE:BRCC - Free Report) are set to reverse split before the market opens on Monday, August 24th. The 1-10 reverse split was announced on Monday, August 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 21st.

BRC Stock Down 1.9%

NYSE:BRCC opened at $0.85 on Wednesday. BRC has a one year low of $0.60 and a one year high of $1.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market cap of $212.25 million, a PE ratio of -28.27 and a beta of 1.25. The firm's 50 day simple moving average is $1.18 and its 200 day simple moving average is $1.06.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BRCC. Weiss Ratings cut shares of BRC from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, August 4th. DA Davidson reiterated a "buy" rating and issued a $2.50 price target on shares of BRC in a research report on Wednesday, August 5th. Craig Hallum initiated coverage on BRC in a research report on Monday, August 3rd. They set a "buy" rating and a $1.75 price objective for the company. Finally, Wall Street Zen raised BRC from a "hold" rating to a "buy" rating in a research note on Saturday, May 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2.25.

Insiders Place Their Bets

In related news, insider Evan Hafer sold 2,000,000 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1.49, for a total value of $2,980,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 54.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new position in shares of BRC in the 3rd quarter valued at about $16,206,000. Vanguard Group Inc. grew its stake in BRC by 50.9% during the third quarter. Vanguard Group Inc. now owns 4,152,681 shares of the company's stock worth $6,478,000 after purchasing an additional 1,399,833 shares during the period. QVIDTVM Management LLC increased its holdings in BRC by 1.8% in the fourth quarter. QVIDTVM Management LLC now owns 3,400,681 shares of the company's stock worth $3,775,000 after purchasing an additional 60,000 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in BRC in the third quarter worth approximately $4,104,000. Finally, Geode Capital Management LLC lifted its stake in BRC by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,234,710 shares of the company's stock valued at $2,481,000 after buying an additional 151,438 shares during the period. 16.29% of the stock is owned by institutional investors.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.

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