Shawn Conway Buys 2,022 Shares of BellRing Brands (NYSE:BRBR) Stock

BellRing Brands Inc. (NYSE:BRBR) Director Shawn Conway acquired 2,022 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average cost of $9.89 per share, for a total transaction of $19,997.58. Following the purchase, the director directly owned 18,180 shares in the company, valued at $179,800.20. This trade represents a 12.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BellRing Brands Stock Performance

BRBR stock traded down $0.37 during midday trading on Wednesday, hitting $9.42. 3,580,975 shares of the company’s stock were exchanged, compared to its average volume of 4,492,963. BellRing Brands Inc. has a one year low of $7.82 and a one year high of $38.77. The company has a market cap of $1.09 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 6.09 and a beta of 0.43. The stock’s fifty day moving average price is $11.84 and its 200-day moving average price is $12.98.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). The business had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. On average, analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRBR. TD Cowen increased their target price on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Barclays lifted their price target on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. DA Davidson increased their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, UBS Group raised their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.82.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Danske Bank A S acquired a new stake in BellRing Brands in the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC lifted its stake in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 524 shares in the last quarter. IFP Advisors Inc boosted its position in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after acquiring an additional 373 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after acquiring an additional 755 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.