BellRing Brands Inc. (NYSE:BRBR) Stock Holdings Lifted by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 841,312 shares of the company's stock after purchasing an additional 98,210 shares during the quarter. Artemis Investment Management LLP owned about 0.66% of BellRing Brands worth $62,644,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BRBR. Dorsey Wright & Associates grew its stake in shares of BellRing Brands by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company's stock valued at $3,799,000 after purchasing an additional 163 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in BellRing Brands by 5.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company's stock valued at $264,000 after buying an additional 188 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in BellRing Brands by 6.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company's stock valued at $291,000 after buying an additional 237 shares during the last quarter. GAMMA Investing LLC increased its stake in BellRing Brands by 12.2% in the 1st quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock valued at $172,000 after buying an additional 252 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Trading Up 2.2%

BRBR stock traded up $1.26 during trading on Friday, reaching $58.52. The stock had a trading volume of 5,064,201 shares, compared to its average volume of 1,440,230. The firm has a fifty day moving average price of $65.16 and a 200 day moving average price of $70.98. The company has a market capitalization of $7.43 billion, a P/E ratio of 27.22, a PEG ratio of 1.85 and a beta of 0.74. BellRing Brands Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. The business had revenue of $588.00 million for the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The company's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Sell-side analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its Board of Directors has authorized a share buyback plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BRBR shares. Truist Financial lowered their price objective on BellRing Brands from $75.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Morgan Stanley began coverage on BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target on the stock. Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Mizuho reduced their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Finally, Evercore ISI lowered their price target on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Insider Buying and Selling at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the sale, the insider now directly owns 57,836 shares of the company's stock, valued at $4,345,218.68. The trade was a 5.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $59.69, for a total value of $95,504.00. Following the transaction, the chief executive officer now directly owns 203,578 shares in the company, valued at approximately $12,151,570.82. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,992 shares of company stock valued at $532,903 in the last three months. Corporate insiders own 1.07% of the company's stock.

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.