Champlain Investment Partners LLC Has $32.94 Million Stake in BellRing Brands Inc. $BRBR

Key Points

• Champlain Investment Partners LLC reduced its stake in BellRing Brands Inc. by 34.2%, selling 230,431 shares and holding 442,394 shares valued at approximately $32.94 million at the end of the first quarter.
• Several large investors increased their positions in BellRing Brands, with Axiom Investors LLC DE boosting its holdings by 418.1% in the first quarter.
• BellRing Brands reported earnings of $0.55 per share, exceeding analysts' estimates, with revenue reaching $547.5 million for the quarter, up 6.2% year-over-year.

Champlain Investment Partners LLC lowered its holdings in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 34.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,394 shares of the company's stock after selling 230,431 shares during the period. Champlain Investment Partners LLC owned 0.34% of BellRing Brands worth $32,941,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BRBR. Versant Capital Management Inc lifted 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 acquiring an additional 366 shares during the period. TCTC Holdings LLC increased its holdings in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after buying an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after buying an additional 283 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after acquiring an additional 340 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of BellRing Brands by 149.8% in the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock valued at $38,000 after buying an additional 310 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays cut their price target on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Stephens upgraded BellRing Brands from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. Morgan Stanley cut their price objective on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Mizuho lowered their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, August 18th. Finally, DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Tuesday, May 27th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.80.

Insider Buying and Selling at BellRing Brands

In other news, Director Shawn Conway bought 1,316 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $49,999.99 per share, with a total value of $65,799,986.84. Following the completion of the purchase, the director owned 8,001 shares of the company's stock, valued at approximately $400,049,919.99. This trade represents a 19.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Craig L. Rosenthal acquired 2,600 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the acquisition, the insider owned 33,475 shares of the company's stock, valued at $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 12,800 shares valued at $735,568. Insiders own 1.07% of the company's stock.

BellRing Brands Stock Up 0.4%

BRBR stock traded up $0.17 during trading on Monday, hitting $41.04. The company had a trading volume of 3,506,182 shares, compared to its average volume of 4,660,683. BellRing Brands Inc. has a 12 month low of $34.02 and a 12 month high of $80.67. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.00 and a beta of 0.74. The firm has a 50-day moving average price of $50.24 and a 200-day moving average price of $62.47.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm had revenue of $547.50 million for the quarter, compared to analysts' expectations of $530.76 million. During the same period last year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. Equities analysts expect that BellRing Brands Inc. will post 2.23 EPS 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.