Insider Selling: BellRing Brands, Inc. (NYSE:BRBR) CEO Sells $96,928.00 in Stock

BellRing Brands, Inc. (NYSE:BRBR) CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $60.58, for a total transaction of $96,928.00. Following the sale, the chief executive officer now directly owns 206,778 shares of the company’s stock, valued at approximately $12,526,611.24. This represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 Trading Down 2.4%

NYSE BRBR opened at $59.83 on Thursday. The stock’s 50 day moving average is $68.13 and its two-hundred day moving average is $72.32. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.24 and a beta of 0.74. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $588.00 million for the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. BellRing Brands’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has authorized a stock repurchase program on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Xponance Inc. grew its holdings in shares of BellRing Brands by 0.9% in 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. boosted its stake in shares of BellRing Brands by 2.5% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company’s stock worth $478,000 after buying an additional 157 shares during the last quarter. Dorsey Wright & Associates boosted its stake in shares of BellRing Brands by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock worth $3,799,000 after buying an additional 163 shares during the last quarter. McIlrath & Eck LLC increased its position in shares of BellRing Brands by 13.6% during the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock worth $105,000 after purchasing an additional 169 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of BellRing Brands by 5.0% during the 1st quarter. Stephens Inc. AR now owns 3,705 shares of the company’s stock worth $276,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BRBR shares. DA Davidson upgraded shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 27th. Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an “overweight” rating in a research report on Wednesday, May 7th. UBS Group reduced their price target on shares of BellRing Brands from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Truist Financial cut their price objective on BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Finally, Evercore ISI cut 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. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

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.