Key Points
- Director buying: BellRing Brands director David Isaiah Finkelstein bought 4,000 shares for $36,920, increasing his direct ownership by 42.89% to 13,326 shares.
- Weak quarterly results: The company recently reported quarterly EPS of $0.14, missing analyst expectations of $0.31, while revenue of $598.7 million also came in slightly below forecasts.
- Analysts turned more cautious: Several firms cut their price targets after earnings, and BellRing Brands now carries a consensus Hold rating with an average target price of $23.73.
BellRing Brands Inc. (NYSE:BRBR - Get Free Report) Director David Isaiah Finkelstein acquired 4,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the transaction, the director directly owned 13,326 shares of the company's stock, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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 shares were acquired at an average price of $17.75 per share, with a total value of $35,500.00.
BellRing Brands Stock Down 1.4%
Shares of BellRing Brands stock opened at $9.13 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 7.07, a P/E/G ratio of 4.54 and a beta of 0.74. The business has a 50 day moving average of $15.46 and a 200 day moving average of $22.34. BellRing Brands Inc. has a 52 week low of $9.00 and a 52 week high of $67.00.
BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.17). The business had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. BellRing Brands's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. On average, research analysts anticipate that BellRing Brands Inc. will post 1.23 earnings per share for the current year.
Analyst Ratings Changes
BRBR has been the subject of a number of recent analyst reports. Sanford C. Bernstein downgraded BellRing Brands from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $31.00 target price on shares of BellRing Brands in a report on Monday, January 26th. Barclays decreased their target price on BellRing Brands from $22.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. BTIG Research initiated coverage on BellRing Brands in a report on Monday, April 13th. They set a "neutral" rating for the company. Finally, Stifel Nicolaus decreased their target price on BellRing Brands from $34.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $23.73.
View Our Latest Research Report on BellRing Brands
Institutional Investors Weigh In On BellRing Brands
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRBR. Goldman Sachs Group Inc. grew its stake in BellRing Brands by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company's stock worth $18,868,000 after purchasing an additional 42,666 shares during the period. Caxton Associates LLP purchased a new stake in BellRing Brands in the first quarter worth $278,000. Northwestern Mutual Wealth Management Co. grew its stake in BellRing Brands by 42.6% in 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 period. EverSource Wealth Advisors LLC grew its stake in BellRing Brands by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company's stock worth $92,000 after purchasing an additional 755 shares during the period. Finally, California Public Employees Retirement System grew its stake in BellRing Brands by 4.2% in the second quarter. California Public Employees Retirement System now owns 226,101 shares of the company's stock worth $13,098,000 after purchasing an additional 9,179 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.
About BellRing Brands
(
Get Free Report)
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.
Further Reading
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