Deutsche Bank AG Acquires 148,110 Shares of BellRing Brands Inc. (NYSE:BRBR)

Deutsche Bank AG grew its holdings in BellRing Brands Inc. (NYSE:BRBR) by 41.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 505,353 shares of the company’s stock after acquiring an additional 148,110 shares during the quarter. Deutsche Bank AG owned 0.39% of BellRing Brands worth $37,629,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup decreased their price target on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Truist Financial decreased their target price on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, August 6th. Barclays dropped their price target on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. UBS Group decreased their price objective on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, DA Davidson upgraded BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.86.

BellRing Brands Price Performance

BRBR stock opened at $38.78 on Wednesday. The business has a fifty day moving average price of $55.70 and a 200 day moving average price of $65.95. BellRing Brands Inc. has a fifty-two week low of $34.02 and a fifty-two week high of $80.67. The stock has a market capitalization of $4.93 billion, a price-to-earnings 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 earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. The company had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $530.76 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Craig L. Rosenthal bought 2,600 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $37.29 per share, with a total value of $96,954.00. Following the completion of the purchase, the insider 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction of $86,688.00. Following the transaction, the chief executive officer owned 193,978 shares in the company, valued at $10,509,728.04. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,400 shares of company stock valued at $836,224 in the last 90 days. 1.07% of the stock is currently owned by insiders.

BellRing Brands Company 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.