BRC Inc. (NYSE:BRCC) Director Evan Hafer Acquires 80,000 Shares

BRC Inc. (NYSE:BRCC - Get Free Report) Director Evan Hafer bought 80,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were acquired at an average cost of $1.25 per share, with a total value of $100,000.00. Following the transaction, the director owned 80,000 shares in the company, valued at approximately $100,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BRC Price Performance

BRCC traded up $0.10 during trading on Tuesday, reaching $1.79. The stock had a trading volume of 954,498 shares, compared to its average volume of 837,431. The business has a 50-day moving average of $1.64 and a 200-day moving average of $2.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.30. BRC Inc. has a one year low of $1.19 and a one year high of $5.81. The stock has a market cap of $380.60 million, a PE ratio of -19.83 and a beta of 0.90.

BRC (NYSE:BRCC - Get Free Report) last announced 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). BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. The business had revenue of $89.97 million for the quarter, compared to the consensus estimate of $88.08 million. As a group, equities research analysts anticipate that BRC Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On BRC

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in BRC by 1,018.3% during the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company's stock worth $5,700,000 after buying an additional 1,637,357 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company's stock worth $1,361,000 after purchasing an additional 437,359 shares during the period. D. E. Shaw & Co. Inc. raised its stake in BRC by 697.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company's stock worth $1,413,000 after purchasing an additional 389,833 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of BRC in the 4th quarter valued at approximately $872,000. Finally, Cerity Partners LLC purchased a new stake in shares of BRC in the 1st quarter valued at approximately $518,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

About BRC

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.