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

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $62.91, for a total value of $100,656.00. Following the sale, the chief executive officer now owns 208,378 shares of the company's stock, valued at approximately $13,109,059.98. The trade was a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BellRing Brands Stock Performance

NYSE:BRBR traded down $0.68 on Friday, reaching $60.96. The company's stock had a trading volume of 2,248,830 shares, compared to its average volume of 1,364,662. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The firm has a market cap of $7.74 billion, a PE ratio of 28.62, a PEG ratio of 2.24 and a beta of 0.86. The business's 50-day moving average price is $69.20 and its two-hundred day moving average price is $72.74.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The firm had revenue of $588.00 million during the quarter, compared to analysts' expectations of $577.56 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The company's revenue was up 18.9% on a year-over-year basis. As a group, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has initiated a share buyback program on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BRBR shares. Mizuho dropped their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Truist Financial dropped their target price on BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Barclays set a $75.00 price objective on BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Evercore ISI dropped their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Morgan Stanley assumed coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Versant Capital Management Inc lifted its stake in BellRing Brands by 1,742.9% in the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. TCTC Holdings LLC lifted its stake in BellRing Brands by 87.6% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in BellRing Brands by 283.3% in the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after acquiring an additional 340 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in BellRing Brands by 149.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock valued at $38,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

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.