BellRing Brands Inc. $BRBR Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,699 shares of the company's stock after acquiring an additional 34,364 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of BellRing Brands worth $13,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BRBR. Versant Capital Management Inc increased its position in shares of BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after acquiring an additional 366 shares during the period. TCTC Holdings LLC grew its stake in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after purchasing an additional 190 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after purchasing an additional 283 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after purchasing an additional 340 shares in the last quarter. Finally, Colonial Trust Co SC acquired a new position in shares of BellRing Brands during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

Insider Transactions 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 completion of the sale, the chief executive officer owned 193,978 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shawn Conway bought 1,316 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $49,999.99 per share, with a total value of $65,799,986.84. Following the purchase, the director directly owned 8,001 shares of the company's stock, valued at approximately $400,049,919.99. This trade represents a 19.69% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 6,616 shares of company stock worth $65,995,248 and sold 14,400 shares worth $836,224. Insiders own 1.07% of the company's stock.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of analyst reports. Truist Financial lowered their target price on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, August 6th. UBS Group lowered their target price on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Mizuho lowered their target price 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. JPMorgan Chase & Co. initiated coverage on shares of BellRing Brands in a research note on Wednesday. They set an "overweight" rating and a $52.00 target price for the company. Finally, Citigroup lowered their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.80.

BellRing Brands Stock Performance

NYSE BRBR traded up $1.02 during trading hours on Friday, hitting $40.80. The company had a trading volume of 485,508 shares, compared to its average volume of 2,124,568. BellRing Brands Inc. has a 1-year low of $34.02 and a 1-year high of $80.67. The company has a market cap of $5.14 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.72. The business has a 50 day moving average of $52.70 and a 200-day moving average of $64.16.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results 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 123.43%. The business had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business's quarterly revenue was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. Sell-side analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

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.