Douglas Cornille Sells 3,970 Shares of BellRing Brands (NYSE:BRBR) Stock

BellRing Brands Inc. (NYSE:BRBR) insider Douglas Cornille sold 3,970 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.93, for a total value of $122,792.10. Following the completion of the sale, the insider directly owned 54,812 shares of the company’s stock, valued at $1,695,335.16. The trade was a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BellRing Brands Trading Down 0.1%

Shares of BellRing Brands stock traded down $0.04 during trading on Wednesday, reaching $30.81. The company’s stock had a trading volume of 4,041,441 shares, compared to its average volume of 2,550,904. The company has a 50-day moving average price of $31.91 and a two-hundred day moving average price of $44.33. BellRing Brands Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $80.67. The firm has a market cap of $3.69 billion, a PE ratio of 18.34, a P/E/G ratio of 4.06 and a beta of 0.67.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The business had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. During the same period in the previous year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its board has authorized a share repurchase program on Tuesday, September 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BRBR shares. UBS Group restated a “neutral” rating and set a $34.00 price target on shares of BellRing Brands in a research note on Friday, November 28th. DA Davidson set a $38.00 price objective on shares of BellRing Brands in a research report on Thursday, November 20th. Morgan Stanley reduced their target price on shares of BellRing Brands from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Zacks Research downgraded shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Finally, Barclays cut their price target on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRBR. Maseco LLP acquired a new position in shares of BellRing Brands in the second quarter worth $25,000. Smartleaf Asset Management LLC increased its position in BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after purchasing an additional 310 shares in the last quarter. Farther Finance Advisors LLC increased its position in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S acquired a new position in BellRing Brands in the 3rd quarter valued at about $29,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in BellRing Brands by 287.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $65,000 after purchasing an additional 649 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.