BellRing Brands Inc. $BRBR Shares Bought by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. boosted its stake in BellRing Brands by 226.7% during the first quarter, holding 8,827 shares valued at approximately $656,000.
• Several institutional investors, including Raymond James Financial Inc. and Ethic Inc., also increased their positions in BellRing Brands, further indicating strong institutional interest.
• BellRing Brands reported earnings of $0.55 EPS for the last quarter, exceeding analysts' expectations, with revenue of $547.50 million, a 6.2% year-over-year increase.

Northwest & Ethical Investments L.P. lifted its position in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 226.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,827 shares of the company's stock after purchasing an additional 6,125 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in BellRing Brands were worth $656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of 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 acquiring an additional 1,685,525 shares in the last quarter. Nuveen LLC purchased a new stake in BellRing Brands during the first quarter valued at $71,004,000. Assenagon Asset Management S.A. lifted its position in 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 valued at $131,137,000 after purchasing an additional 768,595 shares during the last quarter. Bank of America Corp DE grew its stake in shares of BellRing Brands by 73.5% in the 4th 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. increased its holdings in shares of BellRing Brands by 32.1% in 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 last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Insider Activity

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

BellRing Brands Stock Performance

BRBR stock traded up $0.2570 during midday trading on Friday, reaching $40.0370. The company's stock had a trading volume of 2,916,916 shares, compared to its average volume of 4,350,888. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.95 and a beta of 0.72. BellRing Brands Inc. has a 1 year low of $34.02 and a 1 year high of $80.67. The stock has a fifty day simple moving average of $52.33 and a two-hundred day simple moving average of $63.83.

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 (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million during the quarter, compared to analysts' expectations of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. As a group, analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on BRBR shares. Truist Financial dropped their price target on BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, August 6th. UBS Group dropped their target price on BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Jefferies Financial Group increased their price target on BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research note on Tuesday, May 27th. Finally, Barclays reduced their target price on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.80.

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.