Key Points
- Director Shawn Conway bought 2,022 BellRing Brands shares at an average price of $9.89, investing nearly $20,000 and increasing his ownership by 12.51% to 18,180 shares.
- BellRing shares opened at $9.42, down 3.8%, after the company reported quarterly EPS of $0.30, below the $0.37 analyst consensus, although revenue rose 4.2% year over year to $570.4 million and exceeded estimates.
- Institutional investors own 94.97% of the stock, while analysts maintain a consensus “Hold” rating with a $19.82 price target; recent ratings include nine Buys, eight Holds and one Sell.
BellRing Brands Inc. (NYSE:BRBR - Get Free Report) Director Shawn Conway acquired 2,022 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average price of $9.89 per share, with a total value of $19,997.58. Following the transaction, the director owned 18,180 shares in the company, valued at $179,800.20. This represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
BellRing Brands Trading Down 3.8%
Shares of BellRing Brands stock opened at $9.42 on Thursday. The stock's fifty day simple moving average is $11.76 and its 200 day simple moving average is $12.91. The company has a market capitalization of $1.09 billion, a PE ratio of 6.63, a PEG ratio of 5.74 and a beta of 0.43. BellRing Brands Inc. has a 12 month low of $7.82 and a 12 month high of $38.77.
BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The business had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. Analysts predict that BellRing Brands Inc. will post 1.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of BellRing Brands in the second quarter worth $42,868,000. AQR Capital Management LLC boosted its holdings in BellRing Brands by 86.9% during the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company's stock worth $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in BellRing Brands in the third quarter valued at $98,944,000. The Manufacturers Life Insurance Company grew its position in BellRing Brands by 156.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company's stock valued at $102,380,000 after purchasing an additional 2,336,029 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new stake in BellRing Brands in the 4th quarter valued at $56,465,000. 94.97% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on BRBR shares. Stephens reiterated an "overweight" rating and issued a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Stifel Nicolaus raised their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of BellRing Brands from $13.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Zacks Research upgraded shares of BellRing Brands from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Finally, TD Cowen boosted their price objective on shares of BellRing Brands from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BellRing Brands presently has a consensus rating of "Hold" and a consensus target price of $19.82.
Get Our Latest Stock Analysis on BRBR
BellRing Brands Company Profile
(
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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