BRC (NYSE:BRCC) Stock: Insider Evan Hafer Sells 12,000 Shares

BRC Inc. (NYSE:BRCC) insider Evan Hafer sold 12,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $11.37, for a total transaction of $136,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 20th, Evan Hafer sold 5,572 shares of BRC stock. The shares were sold at an average price of $10.59, for a total value of $59,007.48.
• On Friday, October 16th, Evan Hafer sold 2,724 shares of BRC stock. The shares were sold at an average price of $10.56, for a total value of $28,765.44.
• On Thursday, October 15th, Evan Hafer sold 15,304 shares of BRC stock. The shares were sold at an average price of $10.62, for a total value of $162,528.48.
• On Tuesday, October 13th, Evan Hafer sold 200 shares of BRC stock. The stock was sold at an average price of $10.51, for a total value of $2,102.00.

BRC Stock Down 2.7%

BRCC opened at $12.64 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 1.42. The stock’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $10.22. BRC Inc. has a 1 year low of $6.00 and a 1 year high of $18.55.

Wall Street Analyst Weigh In

BRCC has been the topic of several analyst reports. Weiss Ratings downgraded shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 4th. Craig Hallum began coverage on shares of BRC in a research report on Monday, August 3rd. They issued a “buy” rating and a $17.50 price objective on the stock. Finally, DA Davidson upped their price objective on shares of BRC from $2.50 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, BRC presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Institutional Trading of BRC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRCC. Engineers Gate Manager LP increased its position in BRC by 83.2% during the 2nd quarter. Engineers Gate Manager LP now owns 24,326 shares of the company’s stock valued at $27,000 after purchasing an additional 11,048 shares during the period. Kestra Private Wealth Services LLC raised its holdings in BRC by 67.1% in the 1st 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 lifted 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 purchasing an additional 26,672 shares during the period. Squarepoint Ops LLC lifted its position in shares of BRC by 53.8% in the 2nd quarter. Squarepoint Ops LLC now owns 72,944 shares of the company’s stock worth $81,000 after purchasing an additional 25,519 shares during the period. Finally, Modera Wealth Management LLC purchased a new stake in shares of BRC in the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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 products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages, tea, brewing equipment, apparel and other branded merchandise.

The company distributes its products through direct-to-consumer channels, including its online store and coffee subscription programs, as well as wholesale and retail partners.