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Steven Taslitz Acquires 100,000 Shares of BRC Inc. (NYSE:BRCC) Stock

BRC logo with Consumer Staples background

Key Points

  • Steven Taslitz, a director at BRC Inc. (NYSE:BRCC), purchased 100,000 shares at an average price of $1.31 per share, increasing his total holdings to 1,786,203 shares, valued at approximately $2.34 million.
  • BRC Inc. reported a loss of ($0.07) earnings per share in its latest quarterly earnings, missing expectations, but its revenue of $94.84 million surpassed estimates.
  • Analysts have mixed views on BRC, with Roth Capital setting a $2.00 target price and Telsey Advisory Group maintaining an "outperform" rating with a $4.00 price target for the stock.
  • Want stock alerts on BRC? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

BRC Inc. (NYSE:BRCC - Get Free Report) Director Steven Taslitz acquired 100,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was bought at an average price of $1.31 per share, for a total transaction of $131,000.00. Following the purchase, the director owned 1,786,203 shares in the company, valued at approximately $2,339,925.93. This trade represents a 5.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

BRC Stock Performance

Shares of NYSE BRCC traded down $0.02 during trading hours on Monday, hitting $1.43. 558,414 shares of the company's stock were exchanged, compared to its average volume of 797,532. The company's 50-day moving average price is $1.59 and its 200-day moving average price is $1.98. BRC Inc. has a 1-year low of $1.19 and a 1-year high of $4.65. The stock has a market capitalization of $203.18 million, a price-to-earnings ratio of -9.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.29 and a quick ratio of 0.70.

BRC (NYSE:BRCC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $94.84 million during the quarter, compared to the consensus estimate of $91.78 million. BRC had a negative net margin of 2.89% and a negative return on equity of 12.88%. On average, sell-side analysts expect that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRCC has been the topic of several analyst reports. Roth Capital set a $2.00 target price on shares of BRC and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $4.00 price target on shares of BRC in a report on Tuesday, August 5th.

Check Out Our Latest Analysis on BRCC

Institutional Trading of BRC

A number of large investors have recently bought and sold shares of BRCC. Raymond James Financial Inc. bought a new stake in BRC during the 4th quarter worth approximately $76,000. American Century Companies Inc. grew its holdings in shares of BRC by 7.9% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $335,000 after purchasing an additional 7,742 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BRC by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,116,595 shares of the company's stock valued at $3,540,000 after buying an additional 42,957 shares in the last quarter. Bank of Montreal Can bought a new position in shares of BRC in the fourth quarter valued at about $96,000. Finally, Barclays PLC raised its holdings in shares of BRC by 11.2% in the fourth quarter. Barclays PLC now owns 83,339 shares of the company's stock valued at $264,000 after buying an additional 8,372 shares during the last quarter. 16.29% of the stock is currently owned by institutional investors.

BRC Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for BRC (NYSE:BRCC)

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