BRC Inc. (NYSE:BRCC – Get Free Report) Director Evan Hafer sold 3,000,000 shares of BRC stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $3.20, for a total transaction of $9,600,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
BRC Price Performance
Shares of NYSE BRCC traded down $0.16 during mid-day trading on Thursday, reaching $3.24. The company had a trading volume of 1,708,940 shares, compared to its average volume of 937,502. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. BRC Inc. has a 1-year low of $2.51 and a 1-year high of $7.14. The stock has a market cap of $688.56 million, a PE ratio of -18.86 and a beta of 1.18. The company has a 50-day moving average price of $4.88 and a two-hundred day moving average price of $4.96.
BRC (NYSE:BRCC – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $89.02 million during the quarter, compared to analysts’ expectations of $101.54 million. BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. During the same quarter last year, the company earned ($0.03) earnings per share. On average, equities analysts anticipate that BRC Inc. will post -0.02 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several brokerages have issued reports on BRCC. Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. DA Davidson reiterated a “buy” rating and issued a $5.50 price target on shares of BRC in a report on Friday, September 6th. Telsey Advisory Group lowered their target price on shares of BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Finally, Roth Mkm lowered BRC from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.00 to $4.00 in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, BRC currently has an average rating of “Moderate Buy” and an average price target of $6.63.
Check Out Our Latest Stock Analysis on BRCC
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.
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