Bellring Brands chief growth officer sells $239,814 in stock

Douglas J. Cornille, the Chief Growth Officer of BellRing Brands, Inc. (NYSE:BRBR), a company currently valued at $9.86 billion, has sold shares valued at $239,814 according to a recent SEC filing. The transaction comes as BellRing’s stock has shown remarkable strength, gaining over 27% in the past six months and trading near its 52-week high of $80.67. The transaction, which took place on April 1, 2025, involved the sale of 3,192 shares of common stock at a weighted average price of $75.13 per share. This sale was conducted under a Rule 10b5-1 trading plan, which Cornille had adopted on December 6, 2024. Following this transaction, Cornille retains ownership of 57,836 shares in the company. The shares were sold in multiple transactions, with prices ranging from $75.00 to $75.70 per share. According to InvestingPro data, 13 analysts have recently revised their earnings expectations upward for the upcoming period, suggesting strong business momentum despite the insider sale. For comprehensive insider trading analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro.

In other recent news, BellRing Brands has reported significant developments that are capturing investor attention. The company experienced a robust first quarter of FY25, with revenue rising nearly 24% and EBITDA increasing by almost 25% to $125.3 million, surpassing expectations. Analysts at Stifel responded by raising their price target to $83, maintaining a Buy rating, while Jefferies adjusted their target to $86, also retaining a Buy rating. Mizuho (NYSE:MFG) Securities increased its price target to $85, citing strong quarterly earnings and maintaining an Outperform rating.

BellRing Brands has also announced a new $300 million share repurchase program, set to begin in March 2025, following previous buybacks totaling $151.7 million. Morgan Stanley (NYSE:MS) initiated coverage on the company with an overweight rating and a price target of $84, highlighting potential growth in the convenient nutrition sector. The firm’s analysis suggests a favorable risk-reward ratio for investors. These developments underscore BellRing Brands’ strategic positioning and potential for continued growth, as noted by several analyst firms.

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