Vanguard Group Inc. Lowers Stock Holdings in BellRing Brands Inc. (NYSE:BRBR)

Vanguard Group Inc. trimmed its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 3.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,972,905 shares of the company’s stock after selling 465,101 shares during the period. Vanguard Group Inc. owned approximately 0.10% of BellRing Brands worth $965,963,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BRBR. Wells Fargo & Company MN lifted its holdings in shares of BellRing Brands by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 226,371 shares of the company’s stock valued at $17,055,000 after purchasing an additional 7,782 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of BellRing Brands by 21.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 258,302 shares of the company’s stock valued at $19,460,000 after purchasing an additional 45,136 shares during the last quarter. FMR LLC increased its position in shares of BellRing Brands by 32.4% during the fourth quarter. FMR LLC now owns 1,502,042 shares of the company’s stock valued at $113,164,000 after acquiring an additional 367,822 shares in the last quarter. Cerity Partners LLC increased its position in shares of BellRing Brands by 905.5% during the fourth quarter. Cerity Partners LLC now owns 53,656 shares of the company’s stock valued at $4,010,000 after acquiring an additional 48,320 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of BellRing Brands by 11.6% during the fourth quarter. Bank of Montreal Can now owns 28,002 shares of the company’s stock valued at $2,110,000 after acquiring an additional 2,906 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BRBR. Morgan Stanley reduced their price target on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Jefferies Financial Group raised their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, May 27th. Mizuho reduced their price target on shares of BellRing Brands from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th. Finally, Evercore ISI reduced their price target on shares of BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.86.

Insider Activity

In other BellRing Brands news, insider Craig L. Rosenthal acquired 2,600 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of $37.29 per share, with a total value of $96,954.00. Following the transaction, the insider directly owned 33,475 shares in the company, valued at approximately $1,248,282.75. The trade was a 8.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,400 shares of company stock valued at $836,224 in the last 90 days. Company insiders own 1.07% of the company’s stock.

BellRing Brands Trading Down 0.3%

NYSE:BRBR opened at $38.86 on Tuesday. BellRing Brands Inc. has a 12 month low of $34.02 and a 12 month high of $80.67. The company has a market cap of $4.94 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. The company has a 50 day simple moving average of $56.19 and a two-hundred day simple moving average of $66.14.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (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 firm had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

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.