BellRing Brands Inc. (NYSE:BRBR) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,390,877 shares of the company's stock after selling 53,255 shares during the period. BellRing Brands makes up 1.5% of Stephens Investment Management Group LLC's portfolio, making the stock its 11th biggest position. Stephens Investment Management Group LLC owned about 1.08% of BellRing Brands worth $103,565,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $276,000 after purchasing an additional 175 shares in the last quarter. 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 worth $1,133,000 after purchasing an additional 142 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of BellRing Brands by 18.7% during the first quarter. Hunter Associates Investment Management LLC now owns 68,102 shares of the company's stock worth $5,063,000 after purchasing an additional 10,719 shares in the last quarter. Parr Mcknight Wealth Management Group LLC lifted its stake in shares of BellRing Brands by 3.1% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 19,153 shares of the company's stock worth $1,426,000 after purchasing an additional 584 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new position in shares of BellRing Brands during the first quarter worth about $399,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Stock Down 0.7%

NYSE:BRBR traded down $0.43 during trading hours on Friday, reaching $57.86. 1,250,206 shares of the stock were exchanged, compared to its average volume of 1,398,547. The firm has a 50 day simple moving average of $61.25 and a 200-day simple moving average of $69.47. BellRing Brands Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market capitalization of $7.35 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.82 and a beta of 0.70.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting 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 company had revenue of $588.00 million for the quarter, compared to the consensus estimate of $577.56 million. During the same quarter last year, the business posted $0.45 EPS. BellRing Brands's quarterly revenue was up 18.9% compared to the same quarter last year. As a group, analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

BRBR has been the topic of a number of recent research reports. Evercore ISI reduced their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley initiated coverage on BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target on the stock. Mizuho cut their price target on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Barclays set a $75.00 price target on BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Truist Financial cut their price target on BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and an average price target of $76.69.

Insider Buying and Selling

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $57.45, for a total transaction of $91,920.00. Following the transaction, the chief executive officer owned 200,378 shares of the company's stock, valued at $11,511,716.10. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 8,000 shares of company stock worth $477,872. Company insiders own 1.07% of the company's stock.

About BellRing Brands

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.