Kathryn Dickson Acquires 50,000 Shares of BRC (NYSE:BRCC) Stock

BRC Inc. (NYSE:BRCC) Director Kathryn Dickson purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $0.85 per share, for a total transaction of $42,500.00. Following the purchase, the director owned 522,690 shares of the company’s stock, valued at approximately $444,286.50. This trade represents a 10.58% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

BRC Stock Performance

BRCC stock opened at $0.85 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. The business has a 50-day moving average price of $1.11 and a 200 day moving average price of $1.06. The company has a market capitalization of $212.02 million, a P/E ratio of -28.24 and a beta of 1.25. BRC Inc. has a 1-year low of $0.60 and a 1-year high of $1.85.

Shares of BRC are going 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.

Hedge Funds Weigh In On BRC

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zazove Associates LLC grew its stake in BRC by 270.7% in the first quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock valued at $1,552,000 after purchasing an additional 1,460,546 shares during the last quarter. Bank of America Corp DE lifted its position in shares of BRC by 9.2% during the first quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock valued at $110,000 after buying an additional 11,933 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of BRC in the 1st quarter valued at about $232,000. Modera Wealth Management LLC bought a new stake in shares of BRC in the 1st quarter valued at about $78,000. Finally, Kestra Advisory Services LLC grew its position in shares of BRC by 63.0% in the 1st quarter. Kestra Advisory Services LLC now owns 69,001 shares of the company’s stock worth $54,000 after buying an additional 26,672 shares during the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Analyst Ratings Changes

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

BRC Company Profile

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.