BellRing Brands (NYSE:BRBR) Reaches New 12-Month Low Following Insider Selling

Key Points

• BellRing Brands Inc. (NYSE:BRBR) shares hit a new 52-week low of $38.58 following insider selling by CEO Darcy Horn Davenport, who sold 1,600 shares at an average price of $54.18.
• Several analysts have lowered their price targets for BellRing Brands, with Truist Financial reducing their target from $65.00 to $60.00, and UBS Group lowering theirs from $71.00 to $63.00.
• In its latest quarterly results, BellRing Brands reported earnings of $0.55 per share, exceeding analysts' expectations, and a revenue of $547.50 million, marking a 6.2% increase year-over-year.

Shares of BellRing Brands Inc. (NYSE:BRBR - Get Free Report) reached a new 52-week low during trading on Tuesday after an insider sold shares in the company. The company traded as low as $38.58 and last traded at $38.83, with a volume of 990621 shares changing hands. The stock had previously closed at $53.64.

Specifically, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the transaction, the chief executive officer owned 193,978 shares of the company's stock, valued at $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday. Barclays set a $75.00 price target on BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Evercore ISI dropped their target price on BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Truist Financial dropped their price target 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. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.27.

BellRing Brands Trading Up 8.1%

The company's 50-day moving average is $57.61 and its two-hundred day moving average is $67.03. The stock 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 (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm had revenue of $547.50 million for the quarter, compared to analysts' expectations of $530.76 million. During the same quarter last year, the company earned $0.54 EPS. BellRing Brands's quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors have recently bought and sold shares of BRBR. Xponance Inc. boosted its stake in shares of BellRing Brands by 0.9% during the 1st quarter. Xponance Inc. now owns 15,221 shares of the company's stock valued at $1,133,000 after buying an additional 142 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in shares of BellRing Brands by 2.5% in the 1st quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company's stock valued at $478,000 after purchasing an additional 157 shares during the last quarter. McIlrath & Eck LLC increased its position in BellRing Brands by 13.6% during the first quarter. McIlrath & Eck LLC now owns 1,413 shares of the company's stock worth $105,000 after buying an additional 169 shares during the last quarter. Stephens Inc. AR lifted its position in shares of BellRing Brands by 5.0% in the first quarter. Stephens Inc. AR now owns 3,705 shares of the company's stock worth $276,000 after buying an additional 175 shares during the last quarter. Finally, 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 valued at $30,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

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.