Boston Partners Increases Holdings in BellRing Brands Inc. (NYSE:BRBR)

Key Points

• Boston Partners increased its holdings in BellRing Brands Inc. by 242.0% in Q1, now owning approximately 0.26% of the company, valued at $24.5 million.
• Analysts have adjusted their price targets for BellRing Brands, with consensus estimates now ranging from a high of $90.00 to a low of $40.00, reflecting mixed ratings from various research firms.
• BellRing Brands reported $0.55 EPS in its latest earnings results, surpassing expectations, with a revenue growth of 6.2% year-over-year, totaling $547.5 million.

Boston Partners increased its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 242.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 327,950 shares of the company's stock after buying an additional 232,070 shares during the quarter. Boston Partners owned about 0.26% of BellRing Brands worth $24,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BRBR. Versant Capital Management Inc raised its position 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 during the period. TCTC Holdings LLC raised its position in BellRing Brands by 87.6% in the first 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 period. MassMutual Private Wealth & Trust FSB raised its position in 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 purchasing an additional 283 shares during the period. First Horizon Advisors Inc. raised its position in BellRing Brands by 283.3% in the first 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 period. Finally, Colonial Trust Co SC purchased a new stake in BellRing Brands in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on BRBR. Truist Financial reduced their target price on BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, August 6th. Citigroup cut their price objective on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Morgan Stanley cut their price objective on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, August 6th. Barclays cut their price objective on BellRing Brands from $75.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Finally, Mizuho cut their price objective on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.86.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Shawn Conway acquired 2,700 shares of the stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $36.41 per share, with a total value of $98,307.00. Following the transaction, the director owned 6,685 shares in the company, valued at $243,400.85. The trade was a 67.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the transaction, the chief executive officer directly owned 193,978 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 14,400 shares of company stock valued at $836,224. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Price Performance

BRBR opened at $38.03 on Friday. BellRing Brands Inc. has a 12 month low of $34.02 and a 12 month high of $80.67. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.93 and a beta of 0.72. The business has a fifty day moving average price of $54.78 and a 200 day moving average price of $65.49.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. The firm had revenue of $547.50 million during the quarter, compared to analysts' expectations of $530.76 million. During the same period in the previous year, the firm posted $0.54 EPS. BellRing Brands's revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

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.

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