Banque Pictet & Cie SA Acquires New Stake in BellRing Brands Inc. (NYSE:BRBR)

Banque Pictet & Cie SA purchased a new stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,355 shares of the company's stock, valued at approximately $399,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dorsey Wright & Associates increased its position in shares of BellRing Brands by 0.3% during 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. Envestnet Portfolio Solutions Inc. increased its position in shares of BellRing Brands by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company's stock valued at $291,000 after purchasing an additional 237 shares during the last quarter. GAMMA Investing LLC increased its position in shares of BellRing Brands by 12.2% during the 1st 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 last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after purchasing an additional 283 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of BellRing Brands by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 15,028 shares of the company's stock valued at $1,118,000 after purchasing an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Mizuho reduced their price target on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Tuesday, May 27th. Truist Financial reduced their price target on BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, July 2nd. Finally, UBS Group reduced their price target on BellRing Brands from $81.00 to $71.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, BellRing Brands currently has an average rating of "Moderate Buy" and a consensus target price of $76.69.

BellRing Brands Trading Up 1.2%

NYSE:BRBR traded up $0.69 during trading hours on Monday, reaching $58.63. 2,801,197 shares of the company traded hands, compared to its average volume of 1,404,158. The business's 50-day moving average price is $61.25 and its two-hundred day moving average price is $69.42. The stock has a market capitalization of $7.45 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.82 and a beta of 0.70. 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 quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The business had revenue of $588.00 million during the quarter, compared to analysts' expectations of $577.56 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm's quarterly revenue was up 18.9% compared to the same quarter last year. As a group, equities analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Buying and Selling 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 stock was sold at an average price of $57.66, for a total value of $92,256.00. Following the completion of the transaction, the chief executive officer owned 198,778 shares in the company, valued at $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 9,600 shares of company stock valued at $570,128 in the last three months. 1.07% of the stock is owned by insiders.

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.