Braun Stacey Associates Inc. Raises Stock Holdings in BellRing Brands Inc. (NYSE:BRBR)

Braun Stacey Associates Inc. boosted its holdings in BellRing Brands Inc. (NYSE:BRBR) by 0.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 343,641 shares of the company’s stock after purchasing an additional 1,035 shares during the period. Braun Stacey Associates Inc. owned about 0.27% of BellRing Brands worth $25,588,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. First Horizon Advisors Inc. raised its stake in BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after buying an additional 340 shares in the last quarter. Colonial Trust Co SC acquired a new stake in BellRing Brands during the fourth quarter valued at approximately $44,000. Finally, Aster Capital Management DIFC Ltd raised its stake in BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock valued at $55,000 after buying an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR opened at $57.58 on Friday. BellRing Brands Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market cap of $7.31 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.82 and a beta of 0.70. The stock’s 50 day moving average price is $63.17 and its 200 day moving average price is $70.17.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Equities analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BRBR. Evercore ISI cut their price objective on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley started coverage on BellRing Brands in a research report on Monday, March 24th. They set an “overweight” rating and a $84.00 price target on the stock. Mizuho dropped their price target on BellRing Brands from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 28th. UBS Group dropped their price target on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays set a $75.00 price target on BellRing Brands and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average price target of $76.69.

Insider Transactions at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $58.04, for a total transaction of $92,864.00. Following the completion of the transaction, the chief executive officer directly owned 201,978 shares of the company’s stock, valued at approximately $11,722,803.12. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 6,400 shares of company stock worth $385,952. Company insiders own 1.07% of the company’s stock.

BellRing Brands 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.