BellRing Brands (NYSE:BRBR) Director Purchases $35,500.00 in Stock

BellRing Brands Inc. (NYSE:BRBRGet Free Report) Director David Isaiah Finkelstein purchased 2,000 shares of the business’s stock in a transaction on Friday, February 13th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director directly owned 7,391 shares in the company, valued at approximately $131,190.25. This represents a 37.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BellRing Brands Trading Up 3.2%

Shares of NYSE BRBR traded up $0.55 during mid-day trading on Wednesday, hitting $17.64. The company had a trading volume of 3,206,594 shares, compared to its average volume of 4,110,968. The company has a market capitalization of $2.07 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.24 and a beta of 0.69. The firm has a 50-day simple moving average of $21.59 and a two-hundred day simple moving average of $29.09. BellRing Brands Inc. has a one year low of $15.97 and a one year high of $79.57.

BellRing Brands (NYSE:BRBRGet Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The business had revenue of $537.30 million for the quarter, compared to the consensus estimate of $505.44 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. BellRing Brands’s quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BRBR. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 price objective on shares of BellRing Brands in a report on Wednesday, November 19th. TD Cowen reaffirmed a “hold” rating on shares of BellRing Brands in a research report on Thursday, January 8th. Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley set a $32.00 price objective on shares of BellRing Brands in a research report on Friday, January 16th. Finally, Evercore lowered their price objective on shares of BellRing Brands from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $38.50.

Get Our Latest Research Report on BRBR

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares during the last quarter. Danske Bank A S bought a new position in BellRing Brands during the third quarter worth $29,000. Larson Financial Group LLC increased its holdings in shares of BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of BellRing Brands in the third quarter valued at $35,000. Finally, IFP Advisors Inc raised its position in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands News Roundup

Here are the key news stories impacting BellRing Brands this week:

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.

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Insider Buying and Selling by Quarter for BellRing Brands (NYSE:BRBR)

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