SG Americas Securities LLC Has $9.35 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

SG Americas Securities LLC decreased its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 52.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,611 shares of the company's stock after selling 140,922 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of BellRing Brands worth $9,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BRBR. Versant Capital Management Inc boosted its holdings in BellRing Brands by 1,742.9% in the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after buying an additional 283 shares in the last quarter. Colonial Trust Co SC purchased a new position in shares of BellRing Brands in the fourth quarter valued at $44,000. Aster Capital Management DIFC Ltd increased its position in shares of BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock valued at $55,000 after buying an additional 643 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after purchasing an additional 591 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent analyst reports. Morgan Stanley assumed coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target for the company. Truist Financial lowered their price target on BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, May 8th. DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Tuesday, May 27th. Barclays set a $75.00 target price on BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, Citigroup reduced their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $77.00.

Insider Activity at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the sale, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $60.58, for a total value of $96,928.00. Following the completion of the sale, the chief executive officer now owns 206,778 shares in the company, valued at approximately $12,526,611.24. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,392 shares of company stock valued at $437,399 over the last ninety days. 1.07% of the stock is owned by insiders.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded down $1.57 during trading on Friday, hitting $58.54. 2,155,545 shares of the stock were exchanged, compared to its average volume of 1,384,191. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.24 and a beta of 0.74. The company's fifty day simple moving average is $67.70 and its 200-day simple moving average is $72.06.

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 for the quarter, hitting the consensus estimate of $0.53. The company 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 130.14% and a net margin of 13.32%. BellRing Brands's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. On average, research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a share repurchase plan on Thursday, March 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.