BellRing Brands Inc. (NYSE:BRBR) Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC grew its position in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 18.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,102 shares of the company's stock after buying an additional 10,719 shares during the quarter. Hunter Associates Investment Management LLC owned 0.05% of BellRing Brands worth $5,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of BRBR. Dorsey Wright & Associates boosted its holdings in BellRing Brands by 0.3% in the fourth quarter. Dorsey Wright & Associates now owns 50,429 shares of the company's stock valued at $3,799,000 after purchasing an additional 163 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in BellRing Brands by 5.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company's stock valued at $264,000 after purchasing an additional 188 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in BellRing Brands by 6.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company's stock valued at $291,000 after purchasing an additional 237 shares during the period. GAMMA Investing LLC boosted its holdings in BellRing Brands by 12.2% in the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock valued at $172,000 after purchasing an additional 252 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in 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 purchasing an additional 283 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

BellRing Brands stock traded down $0.46 during midday trading on Friday, hitting $57.84. 583,192 shares of the company's stock were exchanged, compared to its average volume of 1,746,040. BellRing Brands Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70. The firm's 50 day simple moving average is $61.67 and its 200 day simple moving average is $69.65.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm's revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. On average, equities research analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRBR. Citigroup decreased their price target on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Evercore ISI decreased their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. DA Davidson raised BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a report on Tuesday, May 27th. Truist Financial decreased their price target on BellRing Brands from $65.00 to $60.00 and set a "hold" rating for the company in a report on Wednesday, July 2nd. Finally, Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price of $76.69.

Insider Buying and Selling

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $57.45, for a total transaction of $91,920.00. Following the completion of the sale, the chief executive officer directly owned 200,378 shares of the company's stock, valued at $11,511,716.10. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 8,000 shares of company stock worth $477,872. 1.07% of the stock is owned by corporate insiders.

BellRing Brands Company Profile

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.