BellRing Brands Inc. $BRBR Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in BellRing Brands Inc. by 99.4% in the first quarter, owning approximately 0.08% of the company valued at $8.015 million.
• Several institutional investors also raised their positions in BellRing Brands, with hedge funds and other entities collectively holding 94.97% of the company's stock.
• BellRing Brands recently reported strong quarterly earnings, with EPS of $0.55 exceeding forecasts, as revenue rose by 6.2% year-over-year to $547.5 million.

Quantbot Technologies LP lifted its position in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 99.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,638 shares of the company's stock after buying an additional 53,645 shares during the period. Quantbot Technologies LP owned approximately 0.08% of BellRing Brands worth $8,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRBR. Raymond James Financial Inc. purchased a new stake in BellRing Brands during the 4th quarter worth approximately $18,356,000. Barclays PLC grew its position in BellRing Brands by 23.0% during the 4th quarter. Barclays PLC now owns 159,170 shares of the company's stock worth $11,992,000 after purchasing an additional 29,802 shares during the last quarter. Mariner LLC grew its position in BellRing Brands by 15.0% during the 4th quarter. Mariner LLC now owns 12,589 shares of the company's stock worth $948,000 after purchasing an additional 1,643 shares during the last quarter. Marshall Wace LLP grew its position in BellRing Brands by 1,734.2% during the 4th quarter. Marshall Wace LLP now owns 268,247 shares of the company's stock worth $20,210,000 after purchasing an additional 253,622 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in BellRing Brands by 27.4% during the 4th quarter. First Trust Advisors LP now owns 219,610 shares of the company's stock valued at $16,545,000 after acquiring an additional 47,199 shares during the period. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

NYSE BRBR traded up $0.2570 on Friday, hitting $40.0370. The company had a trading volume of 2,916,916 shares, compared to its average volume of 4,350,888. The company has a market capitalization of $5.04 billion, a PE ratio of 22.88, a PEG ratio of 1.94 and a beta of 0.72. The company's fifty day moving average price is $52.33 and its 200-day moving average price is $63.92. BellRing Brands Inc. has a 12-month low of $34.02 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $547.50 million during the quarter, compared to analyst estimates of $530.76 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company'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. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several research reports. Citigroup decreased their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Mizuho decreased their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, August 18th. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. DA Davidson upgraded 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, JPMorgan Chase & Co. began coverage on shares of BellRing Brands in a research note on Wednesday. They set an "overweight" rating and a $52.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and an average target price of $64.80.

Insider Buying and Selling at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shawn Conway purchased 2,700 shares of BellRing Brands stock in a transaction dated Wednesday, August 6th. The shares were acquired 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 approximately $243,400.85. This represents a 67.75% increase in their position. 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 14,400 shares valued at $836,224. 1.07% of the stock is currently owned by corporate insiders.

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.