Blueshift Asset Management LLC Purchases Shares of 5,300 BellRing Brands Inc. (NYSE:BRBR)

Key Points

• Blueshift Asset Management LLC acquired a new position in BellRing Brands, purchasing 5,300 shares valued at approximately $395,000.
• CEO Darcy Horn Davenport sold 1,600 shares of the company at an average price of $54.43, reducing their ownership by 0.81%.
• BellRing Brands has received mixed ratings from analysts, with targets ranging from $63.00 to $85.00 and an average rating of "Moderate Buy."

Blueshift Asset Management LLC bought a new position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,300 shares of the company's stock, valued at approximately $395,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commerce Bank raised its stake in BellRing Brands by 0.3% in the first quarter. Commerce Bank now owns 96,238 shares of the company's stock valued at $7,166,000 after buying an additional 334 shares during the period. US Bancorp DE increased its stake in shares of BellRing Brands by 26.6% during the first quarter. US Bancorp DE now owns 81,156 shares of the company's stock worth $6,043,000 after purchasing an additional 17,050 shares during the period. Arkadios Wealth Advisors increased its stake in shares of BellRing Brands by 695.1% during the first quarter. Arkadios Wealth Advisors now owns 40,854 shares of the company's stock worth $3,042,000 after purchasing an additional 35,716 shares during the period. Vestcor Inc increased its stake in shares of BellRing Brands by 11.8% during the first quarter. Vestcor Inc now owns 77,700 shares of the company's stock worth $5,786,000 after purchasing an additional 8,200 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of BellRing Brands by 64.2% during the first quarter. XTX Topco Ltd now owns 20,111 shares of the company's stock worth $1,497,000 after purchasing an additional 7,862 shares during the period. Institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

NYSE BRBR traded down $0.46 during trading on Friday, hitting $54.12. 2,276,940 shares of the company's stock traded hands, compared to its average volume of 2,502,370. The stock has a fifty day moving average of $58.69 and a two-hundred day moving average of $67.61. BellRing Brands Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The firm has a market cap of $6.87 billion, a P/E ratio of 25.17, a PEG ratio of 1.76 and a beta of 0.72.

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

Insider Activity at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $54.43, for a total transaction of $87,088.00. Following the sale, the chief executive officer owned 195,578 shares in the company, valued at $10,645,310.54. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 12,800 shares of company stock worth $749,536 in the last 90 days. Corporate insiders own 1.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRBR. Evercore ISI lowered their target price 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. Jefferies Financial Group increased their target price on BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Mizuho lowered their target price 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 report on Wednesday, May 7th. Finally, UBS Group reduced their price target on BellRing Brands from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price 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.