PYA Waltman Capital LLC Lowers Holdings in BellRing Brands Inc. (NYSE:BRBR)

PYA Waltman Capital LLC cut its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 95.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,245 shares of the company's stock after selling 70,186 shares during the period. PYA Waltman Capital LLC's holdings in BellRing Brands were worth $242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BRBR. Versant Capital Management Inc lifted its position in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 acquiring an additional 283 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of 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 acquiring an additional 340 shares in the last quarter. Colonial Trust Co SC purchased a new position in shares of BellRing Brands in the fourth quarter valued at about $44,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock valued at $55,000 after acquiring an additional 643 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Down 0.7%

NYSE BRBR traded down $0.43 during trading hours on Friday, hitting $57.86. 1,250,206 shares of the company were exchanged, compared to its average volume of 1,398,120. The stock has a 50-day moving average price of $61.25 and a 200 day moving average price of $69.52. BellRing Brands Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market cap of $7.35 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.70.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The company had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm's revenue for the quarter was up 18.9% on a year-over-year basis. As a group, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

BRBR has been the topic of several research analyst reports. Truist Financial lowered their price objective on BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, July 2nd. DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research report on Tuesday, May 27th. Mizuho lowered their price objective on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Evercore ISI lowered their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Citigroup reduced their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and an average target price of $76.69.

Insider Activity

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the business'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 transaction, the chief executive officer owned 200,378 shares in the company, valued at $11,511,716.10. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 8,000 shares of company stock worth $477,872 in the last ninety days. 1.07% of the stock is owned by insiders.

About BellRing Brands

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.