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XTX Topco Ltd Acquires 7,862 Shares of BellRing Brands Inc. (NYSE:BRBR)

BellRing Brands logo with Consumer Staples background

Key Points

  • XTX Topco Ltd increased its stake in BellRing Brands Inc. by 64.2%, acquiring an additional 7,862 shares, bringing its total holdings to 20,111 shares worth approximately $1.5 million.
  • Institutional investors own 94.97% of BellRing Brands' stock, indicating strong institutional interest, with several firms, including Federated Hermes and TCTC Holdings, also significantly increasing their holdings in the first quarter.
  • Analysts have revised their target prices for BellRing Brands, with Citigroup and UBS reducing theirs to $80.00 and $63.00 respectively, while the average consensus target price is currently around $76.06.
  • Five stocks we like better than BellRing Brands.

XTX Topco Ltd grew its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 64.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,111 shares of the company's stock after purchasing an additional 7,862 shares during the period. XTX Topco Ltd's holdings in BellRing Brands were worth $1,497,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. 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 valued at $29,000 after buying an additional 366 shares during the period. TCTC Holdings LLC grew its holdings 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 holdings 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 holdings 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 purchased a new stake in BellRing Brands in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

Insider Buying and Selling at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $54.43, for a total value of $87,088.00. Following the completion of the sale, the chief executive officer directly owned 195,578 shares in the company, valued at approximately $10,645,310.54. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 12,800 shares of company stock worth $749,536 in the last ninety days. 1.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BRBR. Evercore ISI cut their target price on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on BellRing Brands from $65.00 to $60.00 and set a "hold" rating for the company in a research note on Wednesday, July 2nd. DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a report on Tuesday, May 27th. Mizuho decreased their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Finally, Barclays set a $75.00 target price on BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Three research 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 a consensus rating of "Moderate Buy" and a consensus price target of $76.06.

Check Out Our Latest Report on BRBR

BellRing Brands Stock Down 1.7%

Shares of NYSE:BRBR traded down $0.91 on Monday, hitting $53.20. 954,338 shares of the company traded hands, compared to its average volume of 1,836,834. BellRing Brands Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a 50 day simple moving average of $58.69 and a 200-day simple moving average of $67.57. The company has a market cap of $6.76 billion, a PE ratio of 24.73, a PEG ratio of 1.76 and a beta of 0.72.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting 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 firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. During the same period last year, the company earned $0.45 earnings per share. The company's revenue 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.

BellRing Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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