Insider Selling: BellRing Brands, Inc. (NYSE:BRBR) Insider Sells 3,192 Shares of Stock

BellRing Brands, Inc. (NYSE:BRBR) insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $76.94 on Thursday. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The company has a market cap of $9.87 billion, a P/E ratio of 36.12, a PEG ratio of 2.24 and a beta of 0.85. The firm has a fifty day moving average of $73.62 and a two-hundred day moving average of $71.46.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands announced that its board has authorized a share buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of BellRing Brands

A number of institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its holdings in BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after acquiring an additional 283 shares during the period. UMB Bank n.a. increased its holdings in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $52,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock worth $55,000 after buying an additional 643 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BRBR shares. Stephens reissued an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley began coverage on BellRing Brands in a research note on Monday, March 24th. They set an “overweight” rating and a $84.00 price target on the stock. Citigroup boosted their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Barclays raised their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.13.

BellRing Brands Company Profile

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.