Key Points
- BellRing Brands CEO Darcy Horn Davenport sold 1,600 shares at an average price of $54.43, totaling $87,088, reducing their position by 0.81% to 195,578 shares.
- The company's stock price has seen a significant range, with a one-year high of $80.67 and a low of $48.06, and currently has a market cap of $7.05 billion.
- Analysts have mixed ratings on BellRing Brands, with a consensus target price of $76.06, amidst varying price targets set by major brokerages.
BellRing Brands Inc. (NYSE:BRBR - Get Free Report) CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $54.43, for a total transaction of $87,088.00. Following the completion of the transaction, the chief executive officer directly owned 195,578 shares in the company, valued at approximately $10,645,310.54. The trade was a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Darcy Horn Davenport also recently made the following trade(s):
- On Friday, July 18th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $57.70, for a total transaction of $92,320.00.
- On Friday, July 11th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $57.66, for a total transaction of $92,256.00.
- On Thursday, July 3rd, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $57.45, for a total value of $91,920.00.
- On Friday, June 27th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $58.04, for a total value of $92,864.00.
- On Friday, June 20th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The shares were sold at an average price of $59.69, for a total value of $95,504.00.
- On Friday, June 6th, Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock. The stock was sold at an average price of $60.58, for a total transaction of $96,928.00.
- 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 Stock Performance
Shares of BellRing Brands stock opened at $55.48 on Tuesday. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The stock has a 50 day moving average price of $59.30 and a 200-day moving average price of $68.07. BellRing Brands Inc. has a one year low of $48.06 and a one year high of $80.67.
BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. The company had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. BellRing Brands's revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Sell-side analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on BRBR. UBS Group cut their price target on BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Evercore ISI lowered their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group increased their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Tuesday, May 27th. Finally, Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.06.
Check Out Our Latest Report on BRBR
Institutional Investors Weigh In On BellRing Brands
Several institutional investors have recently made changes to their positions in the company. Maseco LLP purchased a new stake in BellRing Brands in the 2nd quarter worth about $25,000. Versant Capital Management Inc grew its stake in shares of BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after buying an additional 366 shares during the last quarter. TCTC Holdings LLC grew its position 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 during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after purchasing an additional 283 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 94.97% of the company's stock.
About BellRing Brands
(
Get Free Report)
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.
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