BellRing Brands Inc. $BRBR Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in BellRing Brands Inc. by 3.6%, now holding approximately 1.84% of the company, worth $175.9 million.
• Other institutional investors have increased their holdings, with Mariner LLC raising its stake by 15% and First Trust Advisors LP growing its position by 27.4%.
• BellRing Brands reported a net margin of 10.26% and revenue growth of 6.2% year-over-year, surpassing analyst expectations with $0.55 EPS for the quarter.

T. Rowe Price Investment Management Inc. lessened its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,362,516 shares of the company's stock after selling 87,806 shares during the period. T. Rowe Price Investment Management Inc. owned 1.84% of BellRing Brands worth $175,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BRBR. Versant Capital Management Inc raised its position in shares of BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC raised its position in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after purchasing an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after purchasing an additional 283 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new position in shares of BellRing Brands during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 94.97% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Truist Financial dropped their price objective 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 dropped their price objective 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. Evercore ISI dropped their price objective on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Finally, Mizuho dropped 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. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.80.

Insiders Place Their Bets

In other BellRing Brands news, Director Shawn Conway bought 1,316 shares of BellRing Brands stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the acquisition, the director directly owned 8,001 shares in the company, valued at $400,049,919.99. This represents a 19.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig L. Rosenthal bought 2,600 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The shares were acquired at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the acquisition, the insider owned 33,475 shares in the company, valued at $1,248,282.75. This represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 6,616 shares of company stock worth $65,995,248 and have sold 14,400 shares worth $836,224. 1.07% of the stock is owned by company insiders.

BellRing Brands Stock Up 0.6%

Shares of BellRing Brands stock traded up $0.2570 during mid-day trading on Friday, hitting $40.0370. The stock had a trading volume of 2,916,916 shares, compared to its average volume of 4,350,888. The firm has a 50-day moving average of $52.33 and a two-hundred day moving average of $63.83. BellRing Brands Inc. has a 12-month low of $34.02 and a 12-month high of $80.67. The firm has a market cap of $5.04 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.95 and a beta of 0.72.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.06. The firm 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 quarter last year, the company posted $0.54 EPS. 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 year.

BellRing Brands 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.