BellRing Brands Inc. (NYSE:BRBR – Get Free Report) Director David Isaiah Finkelstein acquired 4,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
David Isaiah Finkelstein also recently made the following trade(s):
- On Friday, February 13th, David Isaiah Finkelstein acquired 2,000 shares of BellRing Brands stock. The shares were purchased at an average price of $17.75 per share, for a total transaction of $35,500.00.
BellRing Brands Trading Down 1.4%
BRBR stock traded down $0.13 during trading hours on Thursday, hitting $9.13. 3,355,447 shares of the stock were exchanged, compared to its average volume of 4,281,041. The firm has a market capitalization of $1.07 billion, a P/E ratio of 7.07, a P/E/G ratio of 4.65 and a beta of 0.74. The company has a 50-day simple moving average of $15.63 and a two-hundred day simple moving average of $22.50. BellRing Brands Inc. has a 12 month low of $9.00 and a 12 month high of $67.00.
Institutional Trading of BellRing Brands
Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of BellRing Brands by 86.9% during the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after purchasing an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of BellRing Brands by 30.5% during the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after purchasing an additional 1,575,812 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of BellRing Brands during the 3rd quarter worth $172,312,000. The Manufacturers Life Insurance Company grew its holdings in shares of BellRing Brands by 156.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after purchasing an additional 2,336,029 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of BellRing Brands by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after buying an additional 19,471 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. UBS Group lowered their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Bank of America reduced their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. BTIG Research assumed coverage on BellRing Brands in a report on Monday, April 13th. They set a “neutral” rating on the stock. Zacks Research lowered BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 target price on shares of BellRing Brands in a report on Monday, January 26th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, BellRing Brands currently has an average rating of “Hold” and a consensus price target of $23.73.
Read Our Latest Analysis on BRBR
About BellRing Brands
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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