Shawn Conway Purchases 2,022 Shares of BellRing Brands (NYSE:BRBR) Stock

BellRing Brands Inc. (NYSE:BRBR) Director Shawn Conway bought 2,022 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average cost of $9.89 per share, for a total transaction of $19,997.58. Following the transaction, the director directly owned 18,180 shares of the company’s stock, valued at $179,800.20. The trade was a 12.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BellRing Brands Price Performance

Shares of BRBR opened at $9.27 on Friday. The firm has a 50-day simple moving average of $11.67 and a two-hundred day simple moving average of $12.84. The stock has a market cap of $1.08 billion, a PE ratio of 6.53, a P/E/G ratio of 5.53 and a beta of 0.43. BellRing Brands Inc. has a 1-year low of $7.82 and a 1-year high of $38.77.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BRBR shares. Barclays lifted their price objective on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. TD Cowen increased their target price on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of BellRing Brands in a research report on Thursday, July 9th. Stifel Nicolaus boosted their price target on shares of BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, UBS Group increased their price target on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Danske Bank A S purchased a new position in shares of BellRing Brands in the 3rd quarter valued at about $29,000. Larson Financial Group LLC increased its stake in BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the period. IFP Advisors Inc raised its stake in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after acquiring an additional 573 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after purchasing an additional 373 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after buying an additional 755 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other 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.