BRC (NYSE:BRCC) Insider Evan Hafer Sells 2,000,000 Shares of Stock

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 2,000,000 shares of BRC stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1.49, for a total transaction of $2,980,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

BRC Stock Performance

Shares of BRCC opened at $1.50 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.74. The stock has a 50-day moving average of $1.18 and a 200-day moving average of $1.06. The company has a market cap of $373.00 million, a PE ratio of -14.95 and a beta of 1.20. BRC Inc. has a one year low of $0.60 and a one year high of $2.10.

BRC (NYSE:BRCC) last released its quarterly earnings data on Monday, May 4th. The company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.01. The firm had revenue of $109.23 million during the quarter, compared to the consensus estimate of $96.95 million. BRC had a negative return on equity of 14.55% and a negative net margin of 2.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BRCC. Kestra Private Wealth Services LLC purchased a new position in BRC in the fourth quarter worth $26,000. Engineers Gate Manager LP purchased a new position in BRC in the second quarter worth $27,000. Virtu Financial LLC grew its position in BRC by 82.2% in the third quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares in the last quarter. Invesco Ltd. grew its position in BRC by 96.1% in the fourth quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock worth $33,000 after acquiring an additional 14,769 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in BRC by 312.6% in the third quarter. BNP Paribas Financial Markets now owns 27,016 shares of the company’s stock worth $42,000 after acquiring an additional 20,469 shares in the last quarter. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BRCC. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $2.50 price target on shares of BRC in a report on Tuesday, March 3rd. DA Davidson reaffirmed a “buy” rating and issued a $2.50 price target on shares of BRC in a report on Tuesday, May 5th. Wall Street Zen raised shares of BRC from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BRC currently has a consensus rating of “Hold” and a consensus price target of $2.50.

About BRC

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.