Stephen Kadenacy Sells 105,000 Shares of BRC (NYSE:BRCC) Stock

BRC Inc. (NYSE:BRCC) Director Stephen Kadenacy sold 105,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $0.82, for a total value of $86,100.00. Following the completion of the sale, the director owned 234,953 shares of the company’s stock, valued at $192,661.46. The trade was a 30.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BRC Stock Performance

NYSE:BRCC opened at $0.81 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 1.42. BRC Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $1.85. The company has a 50 day simple moving average of $1.12 and a two-hundred day simple moving average of $1.06. The company has a market capitalization of $203.49 million, a PE ratio of -27.10 and a beta of 1.25.

BRC’s stock is set to reverse split on the morning of Monday, August 24th. The 1-10 reverse split was announced on Monday, August 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 21st.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BRCC. Wall Street Zen upgraded BRC from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Craig Hallum assumed coverage on shares of BRC in a research note on Monday, August 3rd. They set a “buy” rating and a $1.75 price target for the company. DA Davidson restated a “buy” rating and set a $2.50 price objective on shares of BRC in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC purchased a new position in shares of BRC in the fourth quarter worth about $26,000. Engineers Gate Manager LP purchased a new stake in shares of BRC during the 2nd quarter valued at approximately $27,000. Invesco Ltd. boosted its holdings in BRC by 96.1% in the 4th quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock worth $33,000 after buying an additional 14,769 shares during the period. Virtu Financial LLC grew its stake in BRC by 82.2% in the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock valued at $33,000 after buying an additional 9,492 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in BRC by 312.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,016 shares of the company’s stock valued at $42,000 after acquiring an additional 20,469 shares during the period. 16.29% of the stock is owned by institutional investors.

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.