BRC Inc. (NYSE:BRCC) Director Acquires $100,000.00 in Stock

BRC Inc. (NYSE:BRCC - Get Free Report) Director Evan Hafer bought 80,000 shares of the stock in a transaction on Friday, July 18th. The shares were acquired at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the purchase, the director owned 80,000 shares in the company, valued at $100,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BRC Price Performance

Shares of BRCC traded down $0.12 during trading hours on Friday, reaching $1.65. 917,074 shares of the company traded hands, compared to its average volume of 834,604. The stock has a fifty day simple moving average of $1.64 and a 200 day simple moving average of $2.14. 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 Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $5.81. The stock has a market capitalization of $351.81 million, a PE ratio of -18.33 and a beta of 0.90.

BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The firm had revenue of $89.97 million during the quarter, compared to analysts' expectations of $88.08 million. BRC had a negative return on equity of 2.09% and a negative net margin of 1.67%. As a group, research analysts predict that BRC Inc. will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRCC. Millennium Management LLC raised its position in shares of 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 purchasing an additional 1,637,357 shares during the period. Goldman Sachs Group Inc. raised its position in shares of 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 position in shares of 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. acquired a new position in BRC during the fourth quarter valued at $872,000. Finally, Cerity Partners LLC purchased a new stake in BRC in the 1st quarter worth about $518,000. Institutional investors and hedge funds own 16.29% of the company's stock.

Wall Street Analyst Weigh In

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

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.