Fuller & Thaler Asset Management Inc. Increases Position in BellRing Brands Inc. $BRBR

Key Points

• Fuller & Thaler Asset Management Inc. increased its position in BellRing Brands Inc. by 27.5% during the first quarter, owning 872,156 shares valued at approximately $64.94 million.
• Analysts have mixed projections for the company, with target prices ranging from $45 to $82 and a consensus rating of "Moderate Buy."
• BellRing Brands reported a 6.2% increase in revenue year-over-year for the quarter, totaling $547.50 million, and earnings per share of $0.55, surpassing expectations.

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 27.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 872,156 shares of the company's stock after acquiring an additional 188,087 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.68% of BellRing Brands worth $64,941,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in BellRing Brands by 1,742.9% in 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 during the last quarter. TCTC Holdings LLC increased its position in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after purchasing an additional 190 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position 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 worth $33,000 after purchasing an additional 283 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 340 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the 4th quarter valued at about $44,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

BellRing Brands stock traded up $0.2570 during mid-day 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. The stock's 50-day simple moving average is $52.33 and its 200-day simple moving average is $63.92. BellRing Brands Inc. has a 1 year low of $34.02 and a 1 year high of $80.67. The company has a market capitalization of $5.04 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.94 and a beta of 0.72.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.55 earnings per share 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 business had revenue of $547.50 million for the quarter, compared to analysts' expectations of $530.76 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The company's revenue was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. On average, equities analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore ISI cut their price target on BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. UBS Group reduced their price target on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Mizuho decreased their price target on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, August 18th. Truist Financial reduced their price objective on BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, August 6th. Finally, Morgan Stanley dropped their target price on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.80.

Insider Activity

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the sale, the chief executive officer owned 193,978 shares of the company's stock, valued at $10,509,728.04. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shawn Conway purchased 2,700 shares of the stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average price of $36.41 per share, for a total transaction of $98,307.00. Following the completion of the transaction, the director directly owned 6,685 shares of the company's stock, valued at approximately $243,400.85. The trade was a 67.75% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 6,616 shares of company stock worth $65,995,248 and sold 14,400 shares worth $836,224. Company insiders own 1.07% of the company's stock.

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.