BRC (NYSE:BRCC) Director Stephen Kadenacy Sells 105,000 Shares

BRC Inc. (NYSE:BRCC) Director Stephen Kadenacy sold 105,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $0.82, for a total value of $86,100.00. Following the transaction, the director owned 234,953 shares in the company, valued at approximately $192,661.46. This represents a 30.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BRC Trading Up 0.9%

NYSE BRCC traded up $0.01 on Tuesday, hitting $0.82. The company’s stock had a trading volume of 900,727 shares, compared to its average volume of 1,079,899. BRC Inc. has a 52-week low of $0.60 and a 52-week high of $1.85. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The company’s 50-day simple moving average is $1.14 and its 200 day simple moving average is $1.06. The firm has a market cap of $205.99 million, a P/E ratio of -27.43 and a beta of 1.25.

BRC’s stock is set to reverse split before the market opens on Monday, August 24th. The 1-10 reverse split was announced on Monday, August 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 21st.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen raised BRC from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. DA Davidson reissued a “buy” rating and set a $2.50 price objective on shares of BRC in a research report on Wednesday, August 5th. Craig Hallum began coverage on shares of BRC in a report on Monday, August 3rd. They issued a “buy” rating and a $1.75 price objective for the company. Finally, Weiss Ratings cut shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zazove Associates LLC lifted its stake in shares of BRC by 270.7% in the 1st quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock valued at $1,552,000 after purchasing an additional 1,460,546 shares during the period. Bank of America Corp DE grew its stake in BRC by 9.2% in the first quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock worth $110,000 after purchasing an additional 11,933 shares during the period. Renaissance Technologies LLC purchased a new stake in BRC in the first quarter worth $232,000. Modera Wealth Management LLC bought a new position in BRC in the first quarter worth $78,000. Finally, Kestra Advisory Services LLC raised its holdings in BRC by 63.0% in the first 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 in the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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.