BellRing Brands Inc. $BRBR Stock Holdings Lessened by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has reduced its stake in BellRing Brands Inc. by 19.9% in the first quarter, now holding 39,108 shares valued at approximately $2.91 million.
• Analysts have mixed opinions on BellRing Brands, with price targets ranging from $40.00 to $85.00, including a "buy" rating from several analysts and a consensus rating of "Moderate Buy."
• The company reported earnings of $0.55 per share for the most recent quarter, exceeding expectations and contributing to a 6.2% year-over-year revenue increase.

HighTower Advisors LLC decreased its position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 19.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 39,108 shares of the company's stock after selling 9,692 shares during the period. HighTower Advisors LLC's holdings in BellRing Brands were worth $2,912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Xponance Inc. lifted its stake in shares of BellRing Brands by 0.9% during the first quarter. Xponance Inc. now owns 15,221 shares of the company's stock valued at $1,133,000 after buying an additional 142 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in shares of BellRing Brands by 2.5% during the first quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company's stock valued at $478,000 after buying an additional 157 shares during the period. Stephens Inc. AR lifted its stake in shares of BellRing Brands by 5.0% during the first quarter. Stephens Inc. AR now owns 3,705 shares of the company's stock valued at $276,000 after buying an additional 175 shares during the period. TCTC Holdings LLC increased its position in BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after purchasing an additional 190 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its position in BellRing Brands by 8.0% during the first quarter. Applied Finance Capital Management LLC now owns 3,290 shares of the company's stock worth $245,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Insider Buying and Selling at BellRing Brands

In related news, Director Shawn Conway acquired 2,700 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $36.41 per share, for a total transaction of $98,307.00. Following the purchase, the director directly owned 6,685 shares of the company's stock, valued at $243,400.85. The trade was a 67.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig L. Rosenthal acquired 2,600 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the purchase, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 6,616 shares of company stock worth $65,995,248 and have sold 14,400 shares worth $836,224. 1.07% of the stock is currently owned by insiders.

BellRing Brands Stock Up 3.2%

Shares of BellRing Brands stock traded up $1.26 during trading hours on Wednesday, hitting $41.03. The company's stock had a trading volume of 1,972,847 shares, compared to its average volume of 2,150,357. BellRing Brands Inc. has a 1-year low of $34.02 and a 1-year high of $80.67. The business has a fifty day moving average of $51.39 and a 200 day moving average of $63.31. The company has a market capitalization of $5.17 billion, a PE ratio of 23.45, a P/E/G ratio of 1.89 and a beta of 0.72.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million during the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, August 6th. Citigroup dropped their price target on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Mizuho dropped their price target on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, August 18th. Jefferies Financial Group upped their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.80.

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.