BRC (NYSE:BRCC) Director Purchases $112,500.00 in Stock

BRC Inc. (NYSE:BRCC) Director Steven Taslitz acquired 150,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $0.75 per share, with a total value of $112,500.00. Following the completion of the transaction, the director owned 601,184 shares in the company, valued at $450,888. The trade was a 33.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BRC Stock Performance

BRC stock opened at $0.93 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.32 and a debt-to-equity ratio of 0.48. The stock has a market cap of $232.10 million, a PE ratio of -6.67 and a beta of 0.94. BRC Inc. has a 12-month low of $0.60 and a 12-month high of $2.40. The business’s 50-day moving average price is $0.85 and its two-hundred day moving average price is $1.19.

BRC (NYSE:BRCC) last posted its earnings results on Monday, March 2nd. The company reported ($0.03) EPS for the quarter. The company had revenue of $112.74 million during the quarter. BRC had a negative return on equity of 21.46% and a negative net margin of 2.99%. As a group, analysts expect that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of BRC by 342.1% during the 1st quarter. AQR Capital Management LLC now owns 56,861 shares of the company’s stock worth $119,000 after purchasing an additional 43,998 shares in the last quarter. Millennium Management LLC raised its stake in BRC by 4.1% during the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company’s stock worth $3,911,000 after buying an additional 72,962 shares during the period. Goldman Sachs Group Inc. raised its stake in BRC by 204.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock worth $1,361,000 after buying an additional 437,359 shares during the period. Geode Capital Management LLC boosted its holdings in BRC by 10.0% in the second quarter. Geode Capital Management LLC now owns 1,270,764 shares of the company’s stock worth $1,665,000 after acquiring an additional 115,289 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in BRC by 158.5% in the second quarter. Rhumbline Advisers now owns 178,510 shares of the company’s stock worth $234,000 after acquiring an additional 109,444 shares in the last quarter. 16.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on BRCC shares. DA Davidson set a $2.50 target price on BRC in a report on Wednesday, January 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $2.50 price objective on shares of BRC in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of BRC in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BRC currently has an average rating of “Hold” and an average price target of $2.33.

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.