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 the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $57.66, for a total value of $92,256.00. Following the completion of the transaction, the chief executive officer directly owned 198,778 shares in the company, valued at approximately $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, July 3rd, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $57.45, for a total value of $91,920.00.
• On Friday, June 27th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $58.04, for a total value of $92,864.00.
• 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 value of $95,504.00.
• On Friday, June 6th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was 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

BellRing Brands stock traded up $0.69 during midday trading on Monday, reaching $58.63. The company had a trading volume of 2,750,229 shares, compared to its average volume of 1,404,158. The firm's fifty day simple moving average is $61.25 and its 200-day simple moving average is $69.42. BellRing Brands Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The company has a market capitalization of $7.45 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.82 and a beta of 0.70.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $577.56 million. During the same period last year, the company posted $0.45 EPS. The business's revenue was up 18.9% on a year-over-year basis. On average, analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson raised BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Tuesday, May 27th. Barclays set a $75.00 price target on BellRing Brands and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Citigroup dropped their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. UBS Group dropped their target price on BellRing Brands from $81.00 to $71.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Mizuho dropped their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus price target of $76.69.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in BellRing Brands by 1,742.9% in the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 366 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after buying an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after buying an additional 283 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after buying an additional 340 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock worth $38,000 after buying an additional 310 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

About BellRing Brands

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.