BRC Inc. (NYSE:BRCC) Director Thomas E. Davin Sells 10,884 Shares of Stock

BRC Inc. (NYSE:BRCC) Director Thomas E. Davin sold 10,884 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $3.81, for a total value of $41,468.04. Following the transaction, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

BRC Trading Down 6.7 %

Shares of BRC stock opened at $3.40 on Thursday. BRC Inc. has a 1 year low of $2.51 and a 1 year high of $7.14. The company has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $4.96. The firm has a market cap of $721.51 million, a PE ratio of -18.86 and a beta of 1.18. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $89.02 million during the quarter, compared to analysts’ expectations of $101.54 million. BRC had a positive return on equity of 17.53% and a negative net margin of 1.88%. During the same period in the prior year, the business earned ($0.03) EPS. Analysts expect that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRCC. Tigress Financial reiterated a “buy” rating and set a $11.00 price objective on shares of BRC in a research note on Wednesday, May 22nd. Roth Mkm cut BRC from a “buy” rating to a “neutral” rating and decreased their price target for the company from $8.00 to $4.00 in a research report on Friday, August 9th. Roth Capital lowered shares of BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a report on Thursday, May 16th. Finally, Telsey Advisory Group reduced their price target on shares of BRC from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of BRC by 32.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock worth $125,000 after buying an additional 5,064 shares during the period. Deerfield Management Company L.P. Series C purchased a new position in BRC during the 2nd quarter valued at $335,000. Squarepoint Ops LLC raised its stake in BRC by 55.8% in the second quarter. Squarepoint Ops LLC now owns 41,375 shares of the company’s stock worth $254,000 after buying an additional 14,824 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of BRC during the 2nd quarter worth approximately $1,084,000. Finally, Marshall Wace LLP raised its position in shares of BRC by 76.4% in the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock worth $4,980,000 after acquiring an additional 351,757 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors.

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.