Insider Buying: BellRing Brands (NYSE:BRBR) Director Acquires 2,022 Shares of Stock

Key Points

• Director Shawn Conway bought 2,022 BellRing Brands shares at an average price of $9.89, investing nearly $20,000 and increasing his direct stake by 12.51%.
• BellRing shares fell 3.8% to $9.42, trading well below their 50-day and 200-day moving averages. The company recently missed quarterly EPS expectations ($0.30 versus $0.37) despite revenue exceeding forecasts and rising 4.2% year over year.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $19.82; institutional investors own approximately 94.97% of the stock.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) Director Shawn Conway bought 2,022 shares of the stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average cost of $9.89 per share, with a total value of $19,997.58. Following the completion of the purchase, the director directly owned 18,180 shares in the company, valued at approximately $179,800.20. This trade represents a 12.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

BellRing Brands Trading Down 3.8%

Shares of BRBR traded down $0.37 during trading hours on Wednesday, hitting $9.42. 3,580,975 shares of the stock traded hands, compared to its average volume of 4,492,963. BellRing Brands Inc. has a 1-year low of $7.82 and a 1-year high of $38.77. The firm has a market capitalization of $1.09 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 6.09 and a beta of 0.43. The business has a fifty day moving average of $11.84 and a 200-day moving average of $12.98.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.BellRing Brands's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, equities research analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of BellRing Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. DA Davidson raised their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Barclays lifted their target price on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. UBS Group upped their target price on shares of BellRing Brands from $12.00 to $13.50 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Finally, Stifel Nicolaus increased their price target on BellRing Brands from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $19.82.

Institutional Trading of BellRing Brands

A number of institutional investors and hedge funds have recently modified their holdings of BRBR. Diamond Hill Capital Management LLC Investment Advisor bought a new position in BellRing Brands during the 2nd quarter worth approximately $42,868,000. AQR Capital Management LLC grew its holdings in BellRing Brands by 86.9% during the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company's stock valued at $187,013,000 after purchasing an additional 3,258,035 shares during the period. Alyeska Investment Group L.P. bought a new stake in BellRing Brands in the third quarter valued at approximately $98,944,000. The Manufacturers Life Insurance Company increased its stake in BellRing Brands by 156.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company's stock valued at $102,380,000 after purchasing an additional 2,336,029 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new stake in BellRing Brands in the fourth quarter worth $56,465,000. 94.97% of the stock is owned by institutional investors.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company's product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands' flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.

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