BellRing Brands Inc. (NYSE:BRBR) Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,791 shares of the company's stock after selling 6,864 shares during the quarter. Victory Capital Management Inc. owned 0.18% of BellRing Brands worth $16,738,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BRBR. Versant Capital Management Inc grew its position in 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 grew its position 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 buying an additional 283 shares in the last quarter. First Horizon Advisors Inc. grew its position 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 buying an additional 340 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands during the fourth quarter worth approximately $44,000. Finally, Larson Financial Group LLC grew its position in shares of BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $51,000 after buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

Insider Transactions at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $57.70, for a total transaction of $92,320.00. Following the sale, the chief executive officer directly owned 197,178 shares in the company, valued at $11,377,170.60. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 11,200 shares of company stock valued at $662,448 in the last quarter. Company insiders own 1.07% of the company's stock.

BellRing Brands Stock Up 1.5%

BRBR stock traded up $0.80 during mid-day trading on Friday, reaching $54.75. The company had a trading volume of 3,396,054 shares, compared to its average volume of 2,392,617. The stock has a market capitalization of $6.95 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.78 and a beta of 0.70. BellRing Brands Inc. has a one year low of $48.06 and a one year high of $80.67. The stock's 50-day simple moving average is $59.52 and its two-hundred day simple moving average is $68.20.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. The company had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. On average, research analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BRBR. Truist Financial decreased their price target on shares of BellRing Brands from $65.00 to $60.00 and set a "hold" rating for the company in a research report on Wednesday, July 2nd. Evercore ISI decreased their price target on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Mizuho decreased their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. UBS Group decreased their price target on shares of BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $76.06.

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.