New Age Alpha Advisors LLC Has $4.70 Million Stock Position in BellRing Brands Inc. (NYSE:BRBR)

New Age Alpha Advisors LLC lowered its stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 17.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,109 shares of the company's stock after selling 13,304 shares during the quarter. New Age Alpha Advisors LLC's holdings in BellRing Brands were worth $4,699,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BRBR. Invesco Ltd. raised its stake in BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after buying an additional 1,121,691 shares during the period. D. E. Shaw & Co. Inc. raised its stake in BellRing Brands by 32.1% during the 4th 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 during the period. AQR Capital Management LLC raised its stake in BellRing Brands by 284.2% during the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock worth $171,663,000 after buying an additional 1,685,525 shares during the period. Assenagon Asset Management S.A. raised its stake in BellRing Brands by 77.4% during the 1st 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 during the period. Finally, Renaissance Technologies LLC raised its stake in BellRing Brands by 12.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company's stock worth $131,570,000 after buying an additional 198,093 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Insiders Place Their Bets

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the sale, the chief executive officer directly owned 193,978 shares of the company's stock, valued at $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 14,400 shares of company stock worth $836,224 over the last 90 days. 1.07% of the stock is owned by insiders.

BellRing Brands Trading Down 32.6%

NYSE BRBR opened at $36.15 on Wednesday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The firm's fifty day moving average price is $58.03 and its two-hundred day moving average price is $67.22. BellRing Brands Inc. has a 1 year low of $34.02 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 139.86%. The company had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. During the same period in the previous year, the business earned $0.54 EPS. BellRing Brands's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

BRBR has been the topic of several research analyst reports. Mizuho dropped their price objective 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. Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. UBS Group lowered their target price on BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Citigroup lowered their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Jefferies Financial Group increased their target price on BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.06.

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.

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