BellRing Brands (NYSE:BRBR) Director David Isaiah Finkelstein Purchases 4,000 Shares

BellRing Brands Inc. (NYSE:BRBR) Director David Isaiah Finkelstein acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. This represents a 42.89% increase in their position. The purchase was disclosed in a document filed 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 acquired 2,000 shares of BellRing Brands stock. The shares were acquired at an average cost of $17.75 per share, with a total value of $35,500.00.

BellRing Brands Trading Down 1.4%

Shares of NYSE BRBR opened at $9.13 on Friday. The business has a 50-day moving average of $15.46 and a 200-day moving average of $22.34. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 4.54 and a beta of 0.74. BellRing Brands Inc. has a 12 month low of $9.00 and a 12 month high of $67.00.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Institutional Trading of BellRing Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Entropy Technologies LP bought a new stake in BellRing Brands in the first quarter valued at approximately $601,000. Gabelli Funds LLC lifted its position in BellRing Brands by 13.5% in the first quarter. Gabelli Funds LLC now owns 620,225 shares of the company’s stock valued at $9,979,000 after purchasing an additional 73,700 shares during the last quarter. State of Wyoming lifted its position in BellRing Brands by 429.5% in the first quarter. State of Wyoming now owns 17,001 shares of the company’s stock valued at $274,000 after purchasing an additional 13,790 shares during the last quarter. Cetera Investment Advisers lifted its position in BellRing Brands by 74.4% in the first quarter. Cetera Investment Advisers now owns 22,183 shares of the company’s stock valued at $357,000 after purchasing an additional 9,460 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in BellRing Brands by 15.7% in the first quarter. First Trust Advisors LP now owns 109,343 shares of the company’s stock valued at $1,759,000 after purchasing an additional 14,814 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of recent research reports. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. dropped their target price on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Barclays dropped their target price on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. Finally, DA Davidson restated a “buy” rating and issued a $32.00 target price on shares of BellRing Brands in a research report on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Hold” and an average target price of $23.73.

BellRing Brands Company Profile

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.