BellRing Brands, Inc. (NYSE:BRBR) Insider Douglas J. Cornille Sells 3,192 Shares

BellRing Brands, Inc. (NYSE:BRBR) insider Douglas J. Cornille sold 3,192 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 57,836 shares of the company’s stock, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BellRing Brands Trading Up 2.4 %

BRBR opened at $76.94 on Thursday. The stock’s 50-day moving average price is $73.62 and its 200 day moving average price is $71.46. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued 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%. On average, research analysts forecast 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 repurchase program on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC increased its holdings in BellRing Brands by 0.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after purchasing an additional 142 shares during the period. Fifth Third Bancorp increased its stake in shares of BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares during the period. Dorsey Wright & Associates increased its stake in shares of BellRing Brands by 0.3% during the fourth quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock worth $3,799,000 after buying an additional 163 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings in BellRing Brands by 3.0% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after acquiring an additional 185 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in BellRing Brands by 5.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock worth $264,000 after acquiring an additional 188 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on BRBR shares. Stephens restated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Citigroup upped their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Mizuho boosted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley initiated coverage on shares of BellRing Brands in a report on Monday, March 24th. They set an “overweight” rating and a $84.00 price target for the company. Finally, TD Cowen upped their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price 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.