BellRing Brands (NYSE:BRBR) Director Acquires $36,920.00 in Stock

BellRing Brands Inc. (NYSE:BRBR) Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, the director owned 13,326 shares in the company, valued at $122,998.98. The trade was a 42.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

David Isaiah Finkelstein also recently made the following trade(s):

• On Friday, February 13th, David Isaiah Finkelstein bought 2,000 shares of BellRing Brands stock. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00.

BellRing Brands Stock Performance

BellRing Brands stock traded down $0.13 during midday trading on Thursday, reaching $9.13. The stock had a trading volume of 3,355,447 shares, compared to its average volume of 4,281,041. The firm’s fifty day simple moving average is $15.63 and its 200-day simple moving average is $22.50. BellRing Brands Inc. has a 1-year low of $9.00 and a 1-year high of $67.00. The stock has a market capitalization of $1.07 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 4.65 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same period in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BRBR shares. BTIG Research started coverage on BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Bank of America lowered their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $35.00 to $11.00 in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price target on shares of BellRing Brands in a research report on Monday, January 26th. Finally, Barclays lowered their price target on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands has an average rating of “Hold” and a consensus price target of $23.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its stake in shares of BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 524 shares during the period. Danske Bank A S bought a new position in shares of BellRing Brands during the 3rd quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in BellRing Brands in the 3rd quarter valued at $35,000. IFP Advisors Inc boosted its stake in BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the period. Finally, CI Investments Inc. boosted its stake in BellRing Brands by 439.1% in the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after purchasing an additional 944 shares during the period. 94.97% of the stock is currently owned by institutional investors.

About BellRing Brands

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.