BellRing Brands Inc. $BRBR Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in BellRing Brands by 69.8% during the first quarter, now owning approximately $7.51 million worth of shares.
• The company reported $0.55 earnings per share for its latest quarter, exceeding analysts' expectations, and revenue increased by 6.2% year-over-year.
• Multiple analysts have revised price targets for BellRing Brands, with a consensus rating of "Moderate Buy" and an average target price of $64.80.

Jump Financial LLC boosted its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 69.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 100,877 shares of the company's stock after buying an additional 41,476 shares during the period. Jump Financial LLC owned 0.08% of BellRing Brands worth $7,511,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BRBR. Versant Capital Management Inc boosted its holdings in shares of BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC boosted its holdings in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after purchasing an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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. First Horizon Advisors Inc. boosted its holdings in shares of BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after purchasing an additional 340 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock valued at $38,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BRBR shares. Mizuho dropped their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, August 18th. UBS Group lowered their price target on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $68.00 to $50.00 in a report on Wednesday, August 6th. Barclays lowered their price target on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Finally, Truist Financial lowered their price target on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.80.

BellRing Brands Stock Performance

NYSE BRBR traded up $0.17 during trading on Friday, hitting $41.04. The stock had a trading volume of 2,714,997 shares, compared to its average volume of 2,178,684. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 1.99 and a beta of 0.72. BellRing Brands Inc. has a one year low of $34.02 and a one year high of $80.67. The stock has a 50 day simple moving average of $50.59 and a 200 day simple moving average of $62.91.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.06. The business had revenue of $547.50 million for 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 company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Activity at BellRing Brands

In other news, insider Craig L. Rosenthal purchased 2,600 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $37.29 per share, with a total value of $96,954.00. Following the completion of the acquisition, the insider owned 33,475 shares of the company's stock, valued at $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at $10,509,728.04. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 12,800 shares valued at $735,568. 1.07% of the stock is currently owned by corporate 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.