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

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $57.45, for a total value of $91,920.00. Following the sale, the chief executive officer directly owned 200,378 shares of the company's stock, valued at approximately $11,511,716.10. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, June 27th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was 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 Stock Up 0.3%

Shares of NYSE BRBR traded up $0.16 during trading hours on Wednesday, hitting $57.67. The company had a trading volume of 2,342,366 shares, compared to its average volume of 1,398,969. The stock has a market capitalization of $7.32 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 1.81 and a beta of 0.70. BellRing Brands Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The firm's 50 day moving average is $62.04 and its 200-day moving average is $69.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, sell-side analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently added to or reduced their stakes in the business. Gateway Investment Advisers LLC raised its stake in BellRing Brands by 6.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 19,574 shares of the company's stock valued at $1,134,000 after acquiring an additional 1,238 shares during the period. MRA Advisory Group bought a new stake in BellRing Brands in the 2nd quarter valued at $448,000. Voya Investment Management LLC raised its stake 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 acquiring an additional 48,140 shares during the period. Strs Ohio bought a new stake in BellRing Brands in the 1st quarter valued at $36,192,000. Finally, Woodline Partners LP bought a new stake in BellRing Brands in the 1st quarter valued at $10,440,000. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BRBR shares. Mizuho lowered their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. 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. Morgan Stanley began coverage on BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 price target for the company. Evercore ISI reduced their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson raised BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and an average target price of $76.69.

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.