David Isaiah Finkelstein Buys 2,000 Shares of BellRing Brands (NYSE:BRBR) Stock

BellRing Brands Inc. (NYSE:BRBRGet Free Report) Director David Isaiah Finkelstein purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was bought at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the director owned 7,391 shares in the company, valued at $131,190.25. The trade was a 37.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

BellRing Brands Price Performance

BellRing Brands stock traded up $0.55 during trading hours 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 firm has a 50-day moving average of $21.59 and a 200 day moving average of $29.09. The firm has a market cap of $2.07 billion, a PE ratio of 12.16, a PEG ratio of 3.24 and a beta of 0.69. 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 issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $505.44 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue was up .8% on a year-over-year basis. As a group, research analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BRBR. Stifel Nicolaus dropped their target price on BellRing Brands from $50.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target on shares of BellRing Brands in a research note on Monday, January 26th. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of BellRing Brands in a research report on Wednesday, February 4th. UBS Group set a $23.00 price objective on shares of BellRing Brands in a research note on Wednesday, February 4th. Finally, Zacks Research raised shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.50.

Read Our Latest Stock Report on BRBR

More BellRing Brands News

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Institutional Trading of BellRing Brands

A number of institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC increased its position 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 worth $25,000 after purchasing an additional 524 shares during the period. Farther Finance Advisors LLC raised its stake in BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S bought a new stake in BellRing Brands during the third quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in BellRing Brands during the third quarter worth about $35,000. Finally, IFP Advisors Inc grew its stake in BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

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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