Credit Agricole S A Buys 6,641 Shares of BellRing Brands Inc. $BRBR

Key Points

• Credit Agricole S A has increased its stake in BellRing Brands Inc. by 5.3%, now holding approximately $9.85 million worth of shares.
• The stock has seen significant activity from insiders, with purchases leading to an 8.42% increase in Craig L. Rosenthal's position as well as a 67.75% increase in Director Shawn Conway's holdings.
• Recent analyst ratings for BellRing Brands indicate a consensus rating of "Moderate Buy" with a target price averaging $64.80, despite some firms recently lowering their price targets.

Credit Agricole S A increased its stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,323 shares of the company's stock after purchasing an additional 6,641 shares during the period. Credit Agricole S A owned approximately 0.10% of BellRing Brands worth $9,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRBR. Versant Capital Management Inc boosted its stake in shares of BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after buying an additional 366 shares during the last quarter. TCTC Holdings LLC raised its holdings in BellRing Brands by 87.6% in the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after acquiring an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares during the period. First Horizon Advisors Inc. raised its holdings in BellRing Brands by 283.3% in 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 during the period. Finally, Colonial Trust Co SC acquired a new position in shares of BellRing Brands during the 4th quarter worth approximately $44,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of analyst reports. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. Morgan Stanley cut their price target on shares of BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, August 6th. Jefferies Financial Group lifted their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Mizuho reduced their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. began coverage on shares of BellRing Brands in a report on Wednesday. They set an "overweight" rating and a $52.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.80.

Insider Buying and Selling

In related news, 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 transaction of $86,688.00. Following the sale, the chief executive officer owned 193,978 shares of the company's stock, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig L. Rosenthal bought 2,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the acquisition, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. 1.07% of the stock is currently owned by insiders.

BellRing Brands Trading Up 0.6%

Shares of BRBR stock traded up $0.2570 during trading on Friday, reaching $40.0370. 2,916,916 shares of the company's stock traded hands, compared to its average volume of 4,326,937. The company has a market capitalization of $5.04 billion, a P/E ratio of 22.88, a PEG ratio of 1.95 and a beta of 0.72. The firm's 50-day moving average is $52.33 and its 200 day moving average is $63.83. BellRing Brands Inc. has a 1 year low of $34.02 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.06. The company had revenue of $547.50 million for 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%. BellRing Brands's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

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.