BellRing Brands Inc. (NYSE:BRBR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in BellRing Brands Inc. (NYSE:BRBR) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,824 shares of the company’s stock after selling 4,400 shares during the quarter. Swiss National Bank owned about 0.19% of BellRing Brands worth $18,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BRBR. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BellRing Brands in the 1st quarter worth approximately $280,000. GAMMA Investing LLC lifted its holdings in shares of BellRing Brands by 12.2% in the 1st quarter. GAMMA Investing LLC now owns 2,316 shares of the company’s stock worth $172,000 after acquiring an additional 252 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of BellRing Brands by 0.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company’s stock worth $5,365,000 after acquiring an additional 438 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BellRing Brands by 71.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company’s stock worth $661,000 after acquiring an additional 3,700 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of BellRing Brands by 31.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company’s stock worth $1,384,000 after acquiring an additional 4,461 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 0.1%

Shares of NYSE:BRBR opened at $38.78 on Wednesday. BellRing Brands Inc. has a 52 week low of $34.02 and a 52 week high of $80.67. The company’s 50 day moving average is $55.70 and its two-hundred day moving average is $65.95. The company has a market cap of $4.93 billion, a PE ratio of 22.16, a P/E/G ratio of 1.90 and a beta of 0.72.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company had revenue of $547.50 million for the quarter, compared to the consensus estimate of $530.76 million. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on BRBR shares. Citigroup decreased their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. DA Davidson upgraded shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 27th. Barclays decreased their price objective on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Jefferies Financial Group upped their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Mizuho cut their target price on shares of BellRing Brands from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.86.

Insider Buying and Selling at BellRing Brands

In other news, insider Craig L. Rosenthal acquired 2,600 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $37.29 per share, with a total value of $96,954.00. Following the transaction, the insider owned 33,475 shares in the company, valued at approximately $1,248,282.75. This trade represents a 8.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the sale, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,400 shares of company stock valued at $836,224. 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.