BellRing Brands Inc. (NYSE:BRBR) CEO Darcy Horn Davenport Sells 1,600 Shares

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $58.04, for a total value of $92,864.00. Following the completion of the transaction, the chief executive officer owned 201,978 shares in the company, valued at $11,722,803.12. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Darcy Horn Davenport also recently made the following trade(s):

• On Friday, June 20th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $59.69, for a total transaction of $95,504.00.
• On Friday, June 6th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $60.58, for a total value of $96,928.00.
• On Friday, May 30th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $62.91, for a total value of $100,656.00.

BellRing Brands Price Performance

Shares of BRBR stock traded down $0.64 on Monday, hitting $57.90. 2,734,770 shares of the stock traded hands, compared to its average volume of 1,740,976. The company has a market capitalization of $7.35 billion, a PE ratio of 26.93, a PEG ratio of 1.85 and a beta of 0.74. The company's fifty day moving average is $64.83 and its 200 day moving average is $70.76. BellRing Brands Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The business had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. During the same period in the previous year, the business posted $0.45 EPS. The company's quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has initiated a share buyback plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Tuesday, May 27th. Citigroup decreased their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Evercore ISI dropped their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Morgan Stanley began coverage on BellRing Brands in a research note on Monday, March 24th. They set an "overweight" rating and a $84.00 price target on the stock. Finally, Barclays set a $75.00 price target on BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRBR. Voya Investment Management LLC lifted its position in BellRing Brands by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 248,024 shares of the company's stock valued at $18,468,000 after purchasing an additional 48,140 shares during the last quarter. Strs Ohio acquired a new position in shares of BellRing Brands during the first quarter worth approximately $36,192,000. Woodline Partners LP acquired a new position in shares of BellRing Brands during the first quarter worth approximately $10,440,000. McIlrath & Eck LLC grew its holdings in BellRing Brands by 13.6% in the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company's stock worth $105,000 after buying an additional 169 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in BellRing Brands in the 1st quarter valued at approximately $619,000. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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