BellRing Brands (NYSE:BRBR) Director Shawn Conway Purchases 2,022 Shares

BellRing Brands Inc. (NYSE:BRBR) Director Shawn Conway bought 2,022 shares of BellRing Brands stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of $9.89 per share, for a total transaction of $19,997.58. Following the completion of the transaction, the director directly owned 18,180 shares of the company’s stock, valued at $179,800.20. This represents a 12.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

BellRing Brands Price Performance

BRBR opened at $9.42 on Thursday. BellRing Brands Inc. has a one year low of $7.82 and a one year high of $38.77. The company’s 50 day simple moving average is $11.76 and its 200-day simple moving average is $12.91. The stock has a market capitalization of $1.09 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 5.74 and a beta of 0.43.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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 negative return on equity of 33.04% and a net margin of 7.28%.The company had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. During the same quarter last year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts anticipate that BellRing Brands Inc. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BRBR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. TD Cowen lifted their price objective on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Stephens reissued an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. Barclays upped their target price on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, DA Davidson raised their target price on shares of BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.82.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew 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 buying an additional 42,666 shares during the period. Caxton Associates LLP acquired a new stake in shares of BellRing Brands in the 1st quarter valued at approximately $278,000. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after acquiring an additional 755 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in 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 purchasing an additional 9,179 shares during the period. 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.