BRC (NYSE:BRCC) Insider Evan Hafer Sells 15,304 Shares of Stock

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 15,304 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $10.62, for a total transaction of $162,528.48. The transaction was disclosed in a document filed with the SEC, which is available at 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 13th, Evan Hafer sold 200 shares of BRC stock. The shares were sold at an average price of $10.51, for a total transaction of $2,102.00.

BRC Price Performance

Shares of NYSE BRCC opened at $10.53 on Friday. The business’s fifty day simple moving average is $9.00 and its 200-day simple moving average is $10.94. 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.

Hedge Funds Weigh In On BRC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP grew its position in shares of 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 last quarter. Kestra Private Wealth Services LLC increased its position in shares of BRC by 67.1% during the first quarter. Kestra Private Wealth Services LLC now owns 38,600 shares of the company’s stock worth $30,000 after purchasing an additional 15,500 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of BRC by 63.0% during the first quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company’s stock worth $54,000 after purchasing an additional 26,672 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of BRC by 53.8% in the 2nd quarter. Squarepoint Ops LLC now owns 72,944 shares of the company’s stock valued at $81,000 after purchasing an additional 25,519 shares during the last quarter. Finally, Modera Wealth Management LLC purchased a new stake in shares of BRC in the 1st quarter valued at about $78,000. 16.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRCC. DA Davidson upped their target price on shares of BRC from $2.50 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Craig Hallum assumed coverage on shares of BRC in a report on Monday, August 3rd. They issued a “buy” rating and a $17.50 price objective on the stock. Finally, Weiss Ratings cut BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.50.

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.