BellRing Brands Inc. (NYSE:BRBR) Insider Craig L. Rosenthal Buys 2,600 Shares

Key Points

• Craig L. Rosenthal, an insider at BellRing Brands, purchased 2,600 shares at an average price of $37.29, increasing his ownership by 8.42%.
• BellRing Brands reported an EPS of $0.55 for the last quarter, exceeding the consensus estimate of $0.49, with revenues of $547.50 million.
• Analyst ratings for BellRing Brands show a mix of upgrades and downgrades, with the stock having an average rating of "Moderate Buy" and a target price around $69.06.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) insider Craig L. Rosenthal acquired 2,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $37.29 per share, with a total value of $96,954.00. Following the acquisition, the insider directly owned 33,475 shares of the company's stock, valued at $1,248,282.75. The trade was a 8.42% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BellRing Brands Stock Performance

NYSE BRBR traded up $2.93 on Wednesday, hitting $39.11. 11,447,310 shares of the stock were exchanged, compared to its average volume of 3,267,506. The stock has a fifty day moving average price of $58.03 and a two-hundred day moving average price of $67.22. The firm has a market capitalization of $4.97 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.17 and a beta of 0.72. BellRing Brands Inc. has a 52-week low of $34.02 and a 52-week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Sell-side analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Maseco LLP purchased a new position in BellRing Brands in the second quarter valued at approximately $25,000. Versant Capital Management Inc increased its position in BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC boosted its position in 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 purchasing an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after purchasing an additional 283 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake 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 valued at $34,000 after buying an additional 340 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports 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 for the company in a research report on Tuesday, May 27th. Evercore ISI decreased their price target on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday. Truist Financial decreased their target price on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday. UBS Group decreased their target price on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $68.00 to $50.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $69.06.

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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