BellRing Brands (NYSE:BRBR) Shares Down 5.4%

Shares of BellRing Brands, Inc. (NYSE:BRBR) were down 5.4% during trading on Monday . The company traded as low as $51.81 and last traded at $52.10. Approximately 1,160,705 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 1,333,204 shares. The stock had previously closed at $55.05.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BRBR shares. TD Cowen boosted their price objective on shares of BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Stephens reiterated an “equal weight” rating and issued a $53.00 price objective on shares of BellRing Brands in a report on Tuesday, May 7th. Evercore ISI boosted their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Barclays boosted their price objective on shares of BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.23.

BellRing Brands Trading Down 6.5 %

The business’s 50-day moving average is $57.85 and its two-hundred day moving average is $57.09. The firm has a market cap of $6.71 billion, a P/E ratio of 38.23, a P/E/G ratio of 1.55 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The business had revenue of $494.60 million during the quarter, compared to the consensus estimate of $467.22 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts anticipate that BellRing Brands, Inc. will post 1.8 earnings per share for the current year.

Insider Activity at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the transaction, the chairman now owns 215,054 shares in the company, valued at approximately $12,935,498.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. purchased a new position in BellRing Brands during the 3rd quarter worth approximately $23,552,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of BellRing Brands by 91.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 45,791 shares of the company’s stock worth $1,888,000 after purchasing an additional 21,935 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in BellRing Brands by 3.2% during the third quarter. Public Employees Retirement System of Ohio now owns 142,192 shares of the company’s stock valued at $5,863,000 after purchasing an additional 4,360 shares in the last quarter. Sarasin & Partners LLP purchased a new stake in BellRing Brands in the 4th quarter worth approximately $1,663,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of BellRing Brands during the 4th quarter valued at $346,000. 94.97% of the stock is currently owned by institutional investors.

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.