Dimensional Fund Advisors LP Reduces Position in BellRing Brands Inc. $BRBR

Key Points

• Dimensional Fund Advisors LP reduced its stake in BellRing Brands Inc. by 1.6%, selling 36,928 shares and holding approximately 2.33 million shares worth $173.83 million.
• In the first quarter, several other investors, including Sumitomo Mitsui Trust Group Inc. and Janney Montgomery Scott LLC, increased their holdings in BellRing Brands, reflecting strong interest from institutional investors.
• BellRing Brands reported a quarterly earnings per share of $0.55, exceeding analysts' expectations, with revenue growing 6.2% year-over-year to $547.5 million.

Dimensional Fund Advisors LP lessened its holdings in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,334,518 shares of the company's stock after selling 36,928 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.82% of BellRing Brands worth $173,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of BellRing Brands by 1,742.9% during 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 in the last quarter. TCTC Holdings LLC raised its holdings in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after acquiring an additional 190 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of BellRing Brands by 175.8% during the first 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 in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of BellRing Brands by 283.3% during the first 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, Colonial Trust Co SC purchased a new stake in BellRing Brands in the fourth quarter worth $44,000. Institutional investors own 94.97% of the company's stock.

BellRing Brands Stock Up 0.6%

Shares of NYSE BRBR traded up $0.2570 during trading on Friday, reaching $40.0370. The company had a trading volume of 2,916,916 shares, compared to its average volume of 4,350,888. 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 $5.04 billion, a PE ratio of 22.88, a P/E/G ratio of 1.95 and a beta of 0.72. The business's 50-day moving average is $52.33 and its 200 day moving average is $63.83.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $530.76 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Insider Transactions at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Shawn Conway bought 1,316 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $49,999.99 per share, for a total transaction 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. The trade was a 19.69% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. Insiders own 1.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BRBR shares. Morgan Stanley reduced their price target on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Truist Financial reduced their price target on BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on BellRing Brands in a research note on Wednesday. They issued an "overweight" rating and a $52.00 price target on the stock. UBS Group reduced their price target on BellRing Brands from $63.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Mizuho reduced their price target on BellRing Brands from $75.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.80.

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.