Montanaro Asset Management Ltd Increases Stake in BellRing Brands Inc. (NYSE:BRBR)

Key Points

• Montanaro Asset Management Ltd increased its stake in BellRing Brands Inc. by 10% during the first quarter, now holding 110,000 shares valued at approximately $8.19 million.
• A significant number of other institutional investors have also boosted their holdings, with AQR Capital Management increasing its position by 284.2% and acquiring over 1.68 million shares in the last quarter.
• BellRing Brands recently reported earnings per share of $0.55, exceeding analyst forecasts, and showing a 6.2% revenue growth compared to the previous year.

Montanaro Asset Management Ltd lifted its position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,000 shares of the company's stock after purchasing an additional 10,000 shares during the period. BellRing Brands accounts for about 2.4% of Montanaro Asset Management Ltd's holdings, making the stock its 19th biggest position. Montanaro Asset Management Ltd owned approximately 0.09% of BellRing Brands worth $8,191,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake 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 raised its holdings in shares of BellRing Brands by 87.6% in the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after purchasing an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake 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 last quarter. First Horizon Advisors Inc. lifted its stake in BellRing Brands by 283.3% in the first 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 bought a new position in BellRing Brands during the fourth quarter valued at $44,000. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Performance

BellRing Brands stock traded down $1.50 during midday trading on Thursday, reaching $38.03. 2,395,949 shares of the stock were exchanged, compared to its average volume of 4,312,105. The company's fifty day moving average is $54.78 and its 200-day moving average is $65.49. The firm has a market cap of $4.83 billion, a PE ratio of 21.73, a PEG ratio of 1.93 and a beta of 0.72. BellRing Brands Inc. has a 52 week low of $34.02 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its 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. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. BellRing Brands's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the sale, the chief executive officer owned 193,978 shares of the company's stock, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shawn Conway bought 2,700 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of $36.41 per share, for a total transaction of $98,307.00. Following the acquisition, the director directly owned 6,685 shares in the company, valued at $243,400.85. This trade represents a 67.75% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 14,400 shares of company stock valued at $836,224. Company insiders own 1.07% of the company's stock.

Analyst Upgrades and Downgrades

BRBR has been the topic of several research reports. Mizuho lowered their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Jefferies Financial Group upped their price target on BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Stephens raised BellRing Brands from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $68.00 to $50.00 in a research report on Wednesday, August 6th. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Tuesday, May 27th. Finally, Morgan Stanley cut their price objective on shares of BellRing Brands from $78.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.86.

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.