Savoir Faire Capital Management L.P. Takes Position in BellRing Brands Inc. (NYSE:BRBR)

Savoir Faire Capital Management L.P. bought a new position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,715 shares of the company's stock, valued at approximately $947,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of BellRing Brands by 1,742.9% in the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after purchasing an additional 283 shares during the last quarter. First Horizon Advisors Inc. raised its position in BellRing Brands by 283.3% in the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Colonial Trust Co SC bought a new position in BellRing Brands in the 4th quarter worth approximately $44,000. Finally, Larson Financial Group LLC raised its position in BellRing Brands by 2,660.0% in the 1st quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $51,000 after purchasing an additional 665 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BRBR has been the subject of several research analyst reports. 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 report on Tuesday, May 27th. Evercore ISI decreased their price target on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Morgan Stanley started coverage on shares of BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 target price for the company. Citigroup reduced their target price on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, UBS Group reduced their target price on shares of BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and an average target price of $76.19.

BellRing Brands Price Performance

BRBR stock traded up $0.91 during midday trading on Friday, reaching $58.11. The company had a trading volume of 1,990,471 shares, compared to its average volume of 1,411,711. BellRing Brands Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The company has a market capitalization of $7.38 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.83 and a beta of 0.70. The firm has a 50-day moving average price of $60.44 and a 200-day moving average price of $68.84.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The firm had revenue of $588.00 million during the quarter, compared to analysts' expectations of $577.56 million. During the same period last year, the company posted $0.45 EPS. The company's quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Transactions at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $57.66, for a total value of $92,256.00. Following the transaction, the chief executive officer owned 198,778 shares of the company's stock, valued at approximately $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 9,600 shares of company stock worth $570,128 in the last three months. 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.