BellRing Brands Inc. $BRBR Shares Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in BellRing Brands Inc. by 100.4%, acquiring an additional 55,354 shares, which now constitutes about 0.7% of its total holdings.
• Several institutional investors have also boosted their positions in BellRing Brands, with Versant Capital Management Inc. increasing its holdings by an impressive 1,742.9% during the same period.
• According to recent earnings reports, BellRing Brands posted $0.55 EPS, exceeding analysts' expectations and showing a year-over-year revenue increase of 6.2%.

Landscape Capital Management L.L.C. increased its stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 100.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,475 shares of the company's stock after acquiring an additional 55,354 shares during the quarter. BellRing Brands makes up about 0.7% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 14th biggest holding. Landscape Capital Management L.L.C. owned 0.09% of BellRing Brands worth $8,226,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRBR. Axiom Investors LLC DE grew its holdings in shares of BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company's stock worth $167,455,000 after buying an additional 1,814,811 shares in the last quarter. Nuveen LLC purchased a new stake in shares of BellRing Brands during the first quarter worth $71,004,000. Assenagon Asset Management S.A. grew its holdings in shares of BellRing Brands by 77.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company's stock worth $131,137,000 after buying an additional 768,595 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of BellRing Brands by 73.5% during the fourth quarter. Bank of America Corp DE now owns 1,709,652 shares of the company's stock worth $128,805,000 after buying an additional 724,337 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of BellRing Brands by 32.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company's stock worth $174,866,000 after buying an additional 564,342 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BRBR shares. Truist Financial dropped their target price on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, August 6th. Citigroup dropped their target price on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. UBS Group dropped their price objective on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Mizuho dropped their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, August 18th. Finally, Jefferies Financial Group upped their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.80.

Insider Buying and Selling at BellRing Brands

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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Shawn Conway bought 2,700 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $36.41 per share, for a total transaction of $98,307.00. Following the transaction, the director directly owned 6,685 shares of the company's stock, valued at $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 have purchased 6,616 shares of company stock valued at $65,995,248 and have sold 12,800 shares valued at $735,568. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Trading Down 1.1%

NYSE BRBR traded down $0.47 during trading hours on Tuesday, reaching $40.58. The company had a trading volume of 1,458,247 shares, compared to its average volume of 2,180,246. The stock has a 50-day moving average of $49.87 and a 200 day moving average of $62.22. BellRing Brands Inc. has a 1-year low of $34.02 and a 1-year high of $80.67. The stock has a market capitalization of $5.11 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.74.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates 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 company 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 company posted $0.54 earnings per share. BellRing Brands's revenue for the quarter was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands 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.