Bellring Brands Inc (NYSE: BRBR) is 18.04% higher on its value in year-to-date trading and has touched a low of $42.54 and a high of $67.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRBR stock was last observed hovering at around $65.82 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $65.43, the stock is 5.74% and 11.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -0.59% at the moment leaves the stock 14.95% off its SMA200. BRBR registered 47.50% gain for a year compared to 6-month gain of 20.45%. The firm has a 50-day simple moving average (SMA 50) of $58.235 and a 200-day simple moving average (SMA200) of $56.87105.
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The stock witnessed a 9.80% loss in the last 1 month and extending the period to 3 months gives it a 26.34%, and is 5.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.00% over the week and 1.91% over the month.
Bellring Brands Inc (BRBR) has around 420 employees, a market worth around $8.46B and $1.91B in sales. Current P/E ratio is 39.30 and Fwd P/E is 31.13. Profit margin for the company is 11.55%. Distance from 52-week low is 53.81% and -2.52% from its 52-week high. The company has generated returns on investments over the last 12 months (37.47%).
Bellring Brands Inc quarterly earnings per share for the current quarter are estimated at 0.5 with sales reaching $542.24M over the same period.The EPS is expected to grow by 44.65% this year, but quarterly earnings will post 18.90% year-over-year. Quarterly sales are estimated to grow 14.70% in year-over-year returns.
593.0 institutions hold shares in Bellring Brands Inc (BRBR), with institutional investors hold 98.73% of the company’s shares. The shares outstanding are 131.25M, and float is at 128.10M with Short Float at 1.79%. Institutions hold 98.01% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.49 million shares valued at $770.68 million. The investor’s holdings represent 10.2958 of the BRBR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.69 million shares valued at $667.8 million to account for 8.9214 of the shares outstanding. The other top investors are WASATCH ADVISORS LP which holds 6.21 million shares representing 4.7379 and valued at over $354.65 million, while FRANKLIN RESOURCES INC holds 3.1302 of the shares totaling 4.1 million with a market value of $234.3 million.
Bellring Brands Inc (BRBR) Insider Activity
The most recent transaction is an insider sale by VITALE ROBERT V, the company’s EXECUTIVE CHAIRMAN. SEC filings show that VITALE ROBERT V sold 15,000 shares of the company’s common stock on May 14 ’24 at a price of $60.15 per share for a total of $0.9 million. Following the sale, the insider now owns 0.22 million shares.
Bellring Brands Inc disclosed in a document filed with the SEC on Feb 07 ’24 that STEIN ELLIOT JR (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $57.81 per share for $57807.0. Following the transaction, the insider now directly holds 24646.0 shares of the BRBR stock.
