Key Points
- Douglas Cornille sold 3,970 shares of BellRing (NYSE:BRBR) on Dec. 1 at an average price of $30.93 for proceeds of $122,792, reducing his holding by 6.75% to 54,812 shares (≈$1.695M).
- On Nov. 18 the company reported quarterly EPS of $0.51 (missed estimates by $0.03) while revenue rose 16.6% to $648.2M (above estimates), and the board authorized a $400 million share repurchase program (up to ~7.7% of shares).
- Analysts show a consensus rating of "Moderate Buy" with an average price target of $42.53, though several recent downgrades and cuts have pushed some targets into the low $30s; BRBR trades around $30.8 with a market cap near $3.69B.
BellRing Brands Inc. (NYSE:BRBR - Get Free Report) insider Douglas Cornille sold 3,970 shares of BellRing Brands stock in a transaction on Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the transaction, the insider owned 54,812 shares in the company, valued at approximately $1,695,335.16. This trade represents a 6.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
BellRing Brands Stock Down 0.1%
BRBR stock opened at $30.81 on Thursday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 4.13 and a beta of 0.67. The business has a fifty day simple moving average of $31.80 and a 200-day simple moving average of $44.24. BellRing Brands Inc. has a 52 week low of $22.45 and a 52 week high of $80.67.
BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The firm had revenue of $648.20 million during the quarter, compared to analyst estimates of $633.21 million. During the same quarter in the previous year, the business posted $0.51 EPS. BellRing Brands's revenue was up 16.6% compared to the same quarter last year. As a group, analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.
BellRing Brands declared that its board has authorized a stock repurchase plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Institutional Investors Weigh In On BellRing Brands
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TT International Asset Management LTD boosted its holdings in BellRing Brands by 199.8% in the second quarter. TT International Asset Management LTD now owns 73,616 shares of the company's stock valued at $4,265,000 after purchasing an additional 49,064 shares during the last quarter. Independence Bank of Kentucky increased its holdings in BellRing Brands by 91.5% during the 2nd quarter. Independence Bank of Kentucky now owns 22,634 shares of the company's stock worth $1,311,000 after purchasing an additional 10,814 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of BellRing Brands by 216.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company's stock valued at $1,043,000 after purchasing an additional 12,310 shares in the last quarter. MRA Advisory Group acquired a new position in shares of BellRing Brands in the 2nd quarter valued at approximately $448,000. Finally, Wilson Asset Management International PTY Ltd. boosted its stake in shares of BellRing Brands by 11.4% during the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 93,373 shares of the company's stock valued at $5,409,000 after buying an additional 9,554 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Zacks Research lowered shares of BellRing Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of BellRing Brands in a research note on Monday. Morgan Stanley reduced their target price on shares of BellRing Brands from $43.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 19th. TD Cowen reiterated a "hold" rating and issued a $31.00 price target (down from $37.00) on shares of BellRing Brands in a report on Thursday, November 20th. Finally, Barclays cut their price objective on BellRing Brands from $44.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.53.
View Our Latest Analysis on BellRing Brands
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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