BellRing Brands Inc. (NYSE:BRBR) Holdings Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,009 shares of the company's stock after acquiring an additional 31,069 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of BellRing Brands worth $15,042,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BRBR. Xponance Inc. raised its holdings in BellRing Brands by 0.9% in 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. Dorsey Wright & Associates raised its stake in shares of BellRing Brands by 0.3% during the fourth 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 period. Stephens Inc. AR raised 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 purchasing an additional 175 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of BellRing Brands by 6.5% during the fourth 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 period. Finally, GAMMA Investing LLC raised its stake in shares of BellRing Brands by 12.2% during the first 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 period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $57.70, for a total transaction of $92,320.00. Following the sale, the chief executive officer directly owned 197,178 shares in the company, valued at $11,377,170.60. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 11,200 shares of company stock valued at $662,448 in the last quarter. Company insiders own 1.07% of the company's stock.

BellRing Brands Trading Up 2.4%

BellRing Brands stock traded up $1.30 during mid-day trading on Monday, reaching $56.04. The company's stock had a trading volume of 501,958 shares, compared to its average volume of 1,817,081. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.78 and a beta of 0.70. The business has a 50 day moving average price of $59.52 and a 200-day moving average price of $68.17. BellRing Brands Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. The company had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. On average, equities analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of analyst reports. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 27th. Truist Financial dropped their price objective on shares of BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research note on Wednesday, July 2nd. Evercore ISI dropped their price objective 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. Citigroup dropped their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Mizuho decreased their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.06.

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.