Insider Buying: BellRing Brands (NYSE:BRBR) Director Purchases $19,997.58 in Stock

BellRing Brands Inc. (NYSE:BRBR) Director Shawn Conway purchased 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, with a total value of $19,997.58. Following the completion of the acquisition, the director directly owned 18,180 shares of the company’s stock, valued at $179,800.20. This trade represents a 12.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BellRing Brands Trading Down 1.3%

BellRing Brands stock opened at $9.18 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of 6.46, a P/E/G ratio of 5.45 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. The stock’s 50 day simple moving average is $11.58 and its two-hundred day simple moving average is $12.82.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $570.40 million for the quarter, compared to analysts’ expectations of $548.72 million. During the same period last year, the firm earned $0.55 earnings per share. BellRing Brands’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that BellRing Brands Inc. will post 1.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BRBR. Stifel Nicolaus increased their target price 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. TD Cowen lifted their price target on BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. Nine investment 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.82.

Institutional Trading of BellRing Brands

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of BellRing Brands by 20.2% during the 1st 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 last quarter. Caxton Associates LLP purchased a new stake in BellRing Brands during the 1st quarter worth approximately $278,000. Northwestern Mutual Wealth Management Co. increased its stake in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after buying an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of BellRing Brands by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after acquiring an additional 755 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of BellRing Brands by 4.2% during the second quarter. California Public Employees Retirement System now owns 226,101 shares of the company’s stock valued at $13,098,000 after acquiring an additional 9,179 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.