BRC (NYSE:BRCC) Insider Sells $28,765.44 in Stock

Key Points

• Insider sale: Evan Hafer sold 2,724 BRC shares at an average price of $10.56, for total proceeds of $28,765.44, under a pre-arranged Rule 10b5-1 trading plan. He also reported several other October sales.
• Stock performance: BRCC shares rose 6.0% to $10.60 during Tuesday midday trading, with volume above its average. The stock has traded between $6.00 and $18.55 over the past year.
• Analyst outlook: Three analysts rate BRC as a Buy and one as a Sell, resulting in a consensus “Moderate Buy” rating and a $22.50 price target. Institutional investors own 16.29% of the company.

BRC Inc. (NYSE:BRCC - Get Free Report) insider Evan Hafer sold 2,724 shares of the business's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $10.56, for a total value of $28,765.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Evan Hafer also recently made the following trade(s):

• On Tuesday, October 20th, Evan Hafer sold 5,572 shares of BRC stock. The shares were sold at an average price of $10.59, for a total value of $59,007.48.
• On Thursday, October 15th, Evan Hafer sold 15,304 shares of BRC stock. The shares were sold at an average price of $10.62, for a total value of $162,528.48.
• On Tuesday, October 13th, Evan Hafer sold 200 shares of BRC stock. The stock was sold at an average price of $10.51, for a total value of $2,102.00.

BRC Trading Up 6.0%

Shares of NYSE BRCC traded up $0.60 during midday trading on Tuesday, hitting $10.60. The company's stock had a trading volume of 177,718 shares, compared to its average volume of 111,647. BRC Inc. has a 12-month low of $6.00 and a 12-month high of $18.55. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm has a market cap of $265.22 million, a P/E ratio of -35.32 and a beta of 1.25. The business's 50 day moving average is $9.02 and its two-hundred day moving average is $10.98.

Analyst Ratings Changes

BRCC has been the topic of several research analyst reports. Craig Hallum assumed coverage on BRC in a research report on Monday, August 3rd. They issued a "buy" rating and a $17.50 price objective on the stock. Weiss Ratings lowered BRC from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, August 4th. Finally, DA Davidson lifted their target price on BRC from $2.50 to $25.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Institutional Investors Weigh In On BRC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRCC. Engineers Gate Manager LP boosted its position in BRC by 83.2% in the 2nd quarter. Engineers Gate Manager LP now owns 24,326 shares of the company's stock valued at $27,000 after buying an additional 11,048 shares during the period. Kestra Private Wealth Services LLC grew its stake in BRC by 67.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 38,600 shares of the company's stock worth $30,000 after acquiring an additional 15,500 shares in the last quarter. Kestra Advisory Services LLC grew its stake in BRC by 63.0% in the 1st quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company's stock worth $54,000 after acquiring an additional 26,672 shares in the last quarter. Modera Wealth Management LLC purchased a new position in shares of BRC during the first quarter worth approximately $78,000. Finally, Squarepoint Ops LLC increased its position in shares of BRC by 53.8% during the second quarter. Squarepoint Ops LLC now owns 72,944 shares of the company's stock worth $81,000 after acquiring an additional 25,519 shares during the period. Institutional investors own 16.29% of the company's stock.

BRC Company Profile

Black Rifle Coffee Company NYSE: BRCC is a veteran-founded coffee and lifestyle company focused on producing, marketing and selling premium coffee and related products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages and other packaged drinks.

The company sells its products through its e-commerce platform, subscription-based Coffee Club, wholesale and retail partners, and its own coffee shop locations. It also offers branded apparel, merchandise and gear, supported by media and content aimed at military, veteran, first-responder and outdoor communities.

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