BellRing Brands Inc. $BRBR Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its holdings in BellRing Brands by 2.3% in the first quarter, retaining 314,864 shares valued at approximately $23.4 million, making it the fund's fifth-largest position.
• Insider transactions showed CEO Darcy Horn Davenport sold 1,600 shares, decreasing their ownership by 0.82%, while insider Craig L. Rosenthal purchased 2,600 shares, increasing their stake by 8.42%.
• BellRing Brands has received mixed analyst ratings, with its price target reduced by several firms, yet it maintains a consensus rating of "Moderate Buy" and an average price target of $67.86.

Algert Global LLC lessened its stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,864 shares of the company's stock after selling 7,540 shares during the period. BellRing Brands accounts for about 0.6% of Algert Global LLC's holdings, making the stock its 5th biggest position. Algert Global LLC owned approximately 0.25% of BellRing Brands worth $23,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. increased its position in BellRing Brands by 226.7% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,827 shares of the company's stock worth $656,000 after purchasing an additional 6,125 shares during the period. Raymond James Financial Inc. increased its position in BellRing Brands by 24.7% during the 1st quarter. Raymond James Financial Inc. now owns 303,769 shares of the company's stock worth $22,619,000 after purchasing an additional 60,130 shares during the period. Ethic Inc. increased its position in BellRing Brands by 27.2% during the 1st quarter. Ethic Inc. now owns 14,694 shares of the company's stock worth $1,104,000 after purchasing an additional 3,140 shares during the period. Fox Run Management L.L.C. acquired a new position in BellRing Brands during the 1st quarter worth approximately $2,457,000. Finally, Oak Ridge Investments LLC increased its position in BellRing Brands by 3.0% during the 1st quarter. Oak Ridge Investments LLC now owns 133,627 shares of the company's stock worth $9,950,000 after purchasing an additional 3,832 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Trading Up 2.1%

Shares of NYSE:BRBR traded up $0.8350 during trading on Friday, hitting $40.6150. 751,832 shares of the stock were exchanged, compared to its average volume of 2,126,101. BellRing Brands Inc. has a 12-month low of $34.02 and a 12-month high of $80.67. The company has a fifty day moving average price of $52.70 and a two-hundred day moving average price of $64.16. The company has a market cap of $5.12 billion, a PE ratio of 23.22, a P/E/G ratio of 1.99 and a beta of 0.72.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results 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 negative return on equity of 123.43% and a net margin of 10.26%.The firm had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. During the same quarter in the prior year, the company earned $0.54 EPS. BellRing Brands's revenue was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. Equities research analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BRBR has been the topic of several recent analyst reports. Mizuho dropped their target price on BellRing Brands from $75.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday. Morgan Stanley dropped their target price on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Citigroup dropped their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. UBS Group decreased their price target on BellRing Brands from $63.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Truist Financial decreased their price target on BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.80.

Insider Activity at BellRing Brands

In related news, Director Shawn Conway bought 1,316 shares of BellRing Brands stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $49,999.99 per share, with a total value of $65,799,986.84. Following the purchase, the director owned 8,001 shares in the company, valued at $400,049,919.99. This represents a 19.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig L. Rosenthal bought 2,600 shares of BellRing Brands stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the purchase, the insider owned 33,475 shares in the company, valued at $1,248,282.75. This represents a 8.42% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. 1.07% of the stock is owned by corporate 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.