BellRing Brands Inc. (NYSE:BRBR) CEO Sells $87,088.00 in Stock

Key Points

• Darcy Horn Davenport, CEO of BellRing Brands Inc., sold $87,088 worth of stock on July 25th, reducing his ownership by 0.81% to approximately 195,578 shares valued at over $10.6 million.
• Despite the stock's recent fluctuation, BellRing Brands shares increased by 1.4% to $55.48, with a market capitalization of $7.05 billion.
• Several analysts lowered their price targets for BellRing Brands, with a consensus target of $76.06, while the stock maintains an overall rating of "Moderate Buy".

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $54.43, for a total value of $87,088.00. Following the transaction, the chief executive officer directly owned 195,578 shares in the company, valued at approximately $10,645,310.54. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, July 18th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $57.70, for a total value of $92,320.00.
• On Friday, July 11th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $57.66, for a total value of $92,256.00.
• 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 shares were 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 shares were sold at an average price of $62.91, for a total transaction of $100,656.00.

BellRing Brands Stock Up 1.4%

Shares of NYSE BRBR traded up $0.74 during mid-day trading on Monday, reaching $55.48. 2,606,333 shares of the company were exchanged, compared to its average volume of 1,833,156. The stock has a market capitalization of $7.05 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.78 and a beta of 0.70. BellRing Brands Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company's 50-day simple moving average is $59.52 and its 200-day simple moving average is $68.17.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BRBR shares. Evercore ISI lowered their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. UBS Group decreased their price target on BellRing Brands from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Barclays set a $75.00 price target on shares of BellRing Brands and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Citigroup decreased their price objective on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Mizuho lowered their price objective on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.06.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently bought and sold shares of BRBR. Axiom Investors LLC DE increased its position in shares of BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company's stock valued at $167,455,000 after acquiring an additional 1,814,811 shares during the last quarter. AQR Capital Management LLC increased its position in shares of BellRing Brands by 284.2% during the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock valued at $171,663,000 after purchasing an additional 1,685,525 shares during the last quarter. Norges Bank bought a new stake in shares of BellRing Brands during the 4th quarter worth $114,185,000. Junto Capital Management LP bought a new position in BellRing Brands during the first quarter valued at about $97,725,000. Finally, Invesco Ltd. increased its holdings in BellRing Brands by 35.7% during the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after buying an additional 1,121,691 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

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.

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