BellRing Brands Inc. (NYSE:BRBR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,230,534 shares of the company's stock after selling 27,684 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.96% of BellRing Brands worth $91,626,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Primecap Management Co. CA grew its holdings in BellRing Brands by 11.9% during the first quarter. Primecap Management Co. CA now owns 604,400 shares of the company's stock worth $45,004,000 after acquiring an additional 64,400 shares during the period. Legacy Capital Group California Inc. grew its holdings in shares of BellRing Brands by 16.7% during the 1st quarter. Legacy Capital Group California Inc. now owns 3,245 shares of the company's stock worth $242,000 after purchasing an additional 464 shares during the period. Manchester Capital Management LLC increased its position in shares of BellRing Brands by 21.0% during the 1st quarter. Manchester Capital Management LLC now owns 2,912 shares of the company's stock worth $217,000 after purchasing an additional 506 shares during the last quarter. J. Safra Sarasin Holding AG raised its holdings in shares of BellRing Brands by 51.5% in the 1st quarter. J. Safra Sarasin Holding AG now owns 13,127 shares of the company's stock valued at $977,000 after buying an additional 4,462 shares during the period. Finally, R Squared Ltd raised its holdings in shares of BellRing Brands by 72.0% in the 1st quarter. R Squared Ltd now owns 3,560 shares of the company's stock valued at $265,000 after buying an additional 1,490 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group boosted 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. Citigroup dropped their price objective on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Stephens upgraded BellRing Brands from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $68.00 to $50.00 in a report on Wednesday, August 6th. Barclays decreased 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 research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.86.

BellRing Brands Stock Performance

BellRing Brands stock traded up $0.38 during midday trading on Friday, reaching $38.38. 2,527,339 shares of the stock were exchanged, compared to its average volume of 4,288,871. The firm has a market cap of $4.84 billion, a PE ratio of 21.93, a PEG ratio of 1.88 and a beta of 0.72. The company's fifty day moving average is $54.33 and its 200-day moving average is $65.13. BellRing Brands Inc. has a 52 week low of $34.02 and a 52 week high of $80.67.

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

Insider Activity at BellRing Brands

In related news, Director Shawn Conway acquired 2,700 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was acquired at an average price of $36.41 per share, with a total value of $98,307.00. Following the acquisition, the director directly owned 6,685 shares of the company's stock, valued at approximately $243,400.85. This trade represents a 67.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were 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 in the company, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 6,616 shares of company stock worth $65,995,248 and have sold 14,400 shares worth $836,224. 1.07% of the stock is owned by insiders.

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.