BellRing Brands Inc. (NYSE:BRBR) Stock Position Boosted by Deutsche Bank AG

Deutsche Bank AG boosted its stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 41.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 505,353 shares of the company's stock after purchasing an additional 148,110 shares during the period. Deutsche Bank AG owned approximately 0.39% of BellRing Brands worth $37,629,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BRBR. D. E. Shaw & Co. Inc. grew its position in shares of BellRing Brands by 32.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company's stock valued at $174,866,000 after acquiring an additional 564,342 shares during the period. AQR Capital Management LLC lifted its stake in BellRing Brands by 284.2% in the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock worth $171,663,000 after purchasing an additional 1,685,525 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in BellRing Brands by 77.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company's stock worth $131,137,000 after purchasing an additional 768,595 shares in the last quarter. Bank of America Corp DE lifted its stake in BellRing Brands by 73.5% in the 4th quarter. Bank of America Corp DE now owns 1,709,652 shares of the company's stock worth $128,805,000 after purchasing an additional 724,337 shares in the last quarter. Finally, FMR LLC lifted its stake in BellRing Brands by 32.4% in the 4th quarter. FMR LLC now owns 1,502,042 shares of the company's stock worth $113,164,000 after purchasing an additional 367,822 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BRBR shares. 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. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $68.00 to $50.00 in a research note on Wednesday, August 6th. Barclays cut their price objective on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Evercore ISI dropped their price objective on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Finally, Mizuho dropped their price objective on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.86.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded up $0.38 during trading hours on Friday, reaching $38.38. The stock had a trading volume of 2,527,339 shares, compared to its average volume of 4,288,871. The firm's 50 day moving average is $54.33 and its 200-day moving average is $65.13. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.88 and a beta of 0.72. 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 data on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $530.76 million. During the same quarter last year, the business earned $0.54 earnings per share. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Activity at BellRing Brands

In other news, Director Shawn Conway bought 1,316 shares of BellRing Brands stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $49,999.99 per share, with a total value of $65,799,986.84. Following the completion of the transaction, the director owned 8,001 shares in the company, valued at approximately $400,049,919.99. This trade represents a 19.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 193,978 shares in the company, valued at $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. Over the last three months, insiders purchased 6,616 shares of company stock worth $65,995,248 and sold 14,400 shares worth $836,224. 1.07% of the stock is owned by insiders.

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.