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 Thursday, July 3rd. The shares were sold at an average price of $57.45, for a total transaction of $91,920.00. Following the completion of the transaction, the chief executive officer owned 200,378 shares of the company's stock, valued at $11,511,716.10. This trade represents a 0.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 transaction 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 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 transaction 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 1.0%

Shares of BellRing Brands stock traded up $0.60 on Thursday, hitting $58.28. 1,744,544 shares of the company's stock traded hands, compared to its average volume of 1,400,346. The stock has a market cap of $7.40 billion, a P/E ratio of 27.11, a PEG ratio of 1.81 and a beta of 0.70. The firm's 50-day moving average is $62.04 and its 200 day moving average is $69.78. BellRing Brands Inc. has a 52-week low of $48.06 and a 52-week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results 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 analysts' expectations of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The business's revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. Equities research analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on BRBR shares. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 27th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Truist Financial decreased their price objective on shares of BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, July 2nd. Evercore ISI decreased their price objective on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley initiated coverage on shares of BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $76.69.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. TT International Asset Management LTD lifted its stake in BellRing Brands by 199.8% during the second quarter. TT International Asset Management LTD now owns 73,616 shares of the company's stock worth $4,265,000 after purchasing an additional 49,064 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in BellRing Brands by 6.8% during the second quarter. Gateway Investment Advisers LLC now owns 19,574 shares of the company's stock worth $1,134,000 after purchasing an additional 1,238 shares during the last quarter. MRA Advisory Group bought a new position in BellRing Brands during the second quarter worth $448,000. Voya Investment Management LLC lifted its stake in BellRing Brands by 24.1% during the first quarter. Voya Investment Management LLC now owns 248,024 shares of the company's stock worth $18,468,000 after purchasing an additional 48,140 shares during the last quarter. Finally, Strs Ohio bought a new position in BellRing Brands during the first quarter worth $36,192,000. 94.97% of the stock is currently 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.