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

Key Points

• Darcy Horn Davenport, CEO of BellRing Brands Inc., sold 1,600 shares of the company's stock on August 1st at an average price of $54.18, totaling $86,688, which marks a 0.82% decrease in their ownership.
• BellRing Brands recently reported $0.55 EPS for the quarter, surpassing the estimated $0.49 EPS by $0.06, while also showing a negative return on equity of 133.63%.
• The stock has experienced significant price fluctuations, with a 1-year low of $48.06 and a 1-year high of $80.67, currently trading at $53.48.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the sale, the chief executive officer directly owned 193,978 shares of the company's stock, valued at $10,509,728.04. The trade was a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, July 25th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $54.43, for a total value of $87,088.00.
• 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 stock was 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 stock was 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 stock was sold at an average price of $62.91, for a total transaction of $100,656.00.

BellRing Brands Price Performance

BRBR traded down $0.64 during trading on Monday, reaching $53.48. 3,448,579 shares of the company's stock were exchanged, compared to its average volume of 1,854,814. The stock has a market capitalization of $6.79 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.76 and a beta of 0.72. The company's fifty day simple moving average is $58.69 and its 200-day simple moving average is $67.57. BellRing Brands Inc. has a 1 year low of $48.06 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. Equities analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of BellRing Brands in the first quarter valued at approximately $280,000. GAMMA Investing LLC boosted its holdings in shares of BellRing Brands by 12.2% in the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock valued at $172,000 after acquiring an additional 252 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of BellRing Brands by 0.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock worth $5,365,000 after purchasing an additional 438 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BellRing Brands by 71.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock worth $661,000 after purchasing an additional 3,700 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of BellRing Brands by 31.6% during the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock worth $1,384,000 after purchasing an additional 4,461 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRBR has been the topic of several research analyst reports. Jefferies Financial Group raised their price target on BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Citigroup cut their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Evercore ISI dropped their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group decreased their target price on shares of BellRing Brands from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and thirteen have issued 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.

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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