BRC Inc. (NYSE:BRCC) Director Buys $131,000.00 in Stock

BRC Inc. (NYSE:BRCC) Director Steven Taslitz bought 100,000 shares of BRC stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $1.31 per share, for a total transaction of $131,000.00. Following the transaction, the director directly owned 1,786,203 shares of the company’s stock, valued at approximately $2,339,925.93. This trade represents a 5.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BRC Trading Down 1.0%

Shares of NYSE BRCC opened at $1.43 on Tuesday. BRC Inc. has a twelve month low of $1.19 and a twelve month high of $4.65. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 1.97. The stock has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $1.98. The stock has a market capitalization of $203.18 million, a PE ratio of -9.50 and a beta of 0.93.

BRC (NYSE:BRCC) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). BRC had a negative net margin of 2.89% and a negative return on equity of 12.88%. The firm had revenue of $94.84 million during the quarter, compared to analyst estimates of $91.78 million. On average, equities analysts forecast that BRC Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On BRC

Institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of BRC in the second quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BRC in the fourth quarter valued at $30,000. Ellsworth Advisors LLC acquired a new stake in shares of BRC in the first quarter valued at $34,000. ProShare Advisors LLC acquired a new position in BRC during the 4th quarter worth $47,000. Finally, Ameriprise Financial Inc. acquired a new position in BRC during the 4th quarter worth $47,000. 16.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRCC. Roth Capital set a $2.00 target price on BRC and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Telsey Advisory Group restated an “outperform” rating and issued a $4.00 target price on shares of BRC in a research report on Tuesday, August 5th.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.