2 weeks Ago By ABMN Staff
BRC Inc. ( NYSE:BRCC – Get Free Report ) was up 4.7% on Friday .
The stock traded as high as $3.56 and last traded at $3.55.
Approximately 103,980 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 940,471 shares. The stock had previously closed at $3.39.
Analysts Set New Price Targets A number of analysts have commented on the company. Roth Capital downgraded BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Roth Mkm lowered shares of BRC from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $8.
00 to $4.00 in a research report on Friday, August 9th. Telsey Advisory Group dropped their target price on shares of BRC from $8.
00 to $6.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, DA Davidson restated a “buy” rating and set a $5.
50 target price on shares of BRC in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.63. Read Our Latest Report on BRCC BRC Price Performance BRC ( NYSE:BRCC – Get Free Report ) last released its earnings results on Wednesday, August 7th.
The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01).
The company had revenue of $89.02 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned ($0.03) EPS. Sell-side analysts forecast that BRC Inc.
will post -0.02 EPS for the current year. Insider Buying and Selling In other BRC news, Director Thomas E.
Davin sold 10,884 shares of the business’s 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 completion of the transaction, the director now directly owns 15,851 shares in the company, valued at approximately $60,392.31.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In other BRC news, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction dated Monday, September 9th.
The stock was sold at an average price of $3.81, for a total value of $41,468.04.
Following the completion of the sale, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Also, Director Evan Hafer sold 1,000,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.
00. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 4,010,884 shares of company stock worth $12,811,468.
73.80% of the stock is owned by insiders. Hedge Funds Weigh In On BRC A number of hedge funds have recently made changes to their positions in the stock.
Comerica Bank raised its position in shares of BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after buying an additional 4,600 shares during the period.
nVerses Capital LLC purchased a new position in shares of BRC in the 2nd quarter worth about $28,000. Mirae Asset Global Investments Co. Ltd.
purchased a new position in shares of BRC in the 1st quarter worth about $45,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of BRC during the 4th quarter worth about $50,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of BRC by 32.
9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock worth $125,000 after purchasing an additional 5,064 shares during the period. Institutional investors and hedge funds own 16.
29% of the company’s stock. About BRC ( Get Free Report ) 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. Further Reading Receive News & Ratings for BRC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRC and related companies with MarketBeat.com's FREE daily email newsletter .
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