Florida Financial Advisors LLC Makes New Investment in BellRing Brands Inc. (NYSE:BRBR)

Florida Financial Advisors LLC purchased a new position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,745 shares of the company's stock, valued at approximately $354,000.

Several other large investors have also recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after buying an additional 366 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of BellRing Brands by 175.8% in 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 during the period. First Horizon Advisors Inc. raised its stake 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 during the last quarter. Colonial Trust Co SC purchased a new stake in shares of BellRing Brands during the fourth quarter worth about $44,000. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after purchasing an additional 643 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $57.66, for a total value of $92,256.00. Following the completion of the transaction, the chief executive officer directly owned 198,778 shares of the company's stock, valued at approximately $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 9,600 shares of company stock worth $570,128. 1.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group lowered their price target on BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Evercore ISI dropped their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley initiated coverage on shares of BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective on the stock. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Truist Financial reduced their price target on shares of BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and an average target price of $76.69.

BellRing Brands Stock Up 1.2%

BellRing Brands stock opened at $58.63 on Tuesday. BellRing Brands Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company has a market capitalization of $7.45 billion, a P/E ratio of 27.27, a PEG ratio of 1.82 and a beta of 0.70. The stock's 50 day moving average is $60.86 and its 200 day moving average is $69.30.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current 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.

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