Vanguard Group Inc. Sells 300,443 Shares of BellRing Brands Inc. $BRBR

Vanguard Group Inc. trimmed its holdings in BellRing Brands Inc. (NYSE:BRBR) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 12,032,839 shares of the company’s stock after selling 300,443 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of BellRing Brands worth $437,394,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BellRing Brands by 2.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,083 shares of the company’s stock valued at $526,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in BellRing Brands by 22.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,743 shares of the company’s stock valued at $101,000 after acquiring an additional 325 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after acquiring an additional 373 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in BellRing Brands by 0.6% during the 2nd quarter. New York State Common Retirement Fund now owns 70,210 shares of the company’s stock worth $4,067,000 after acquiring an additional 397 shares during the last quarter. Finally, Dorsey Wright & Associates grew its stake in shares of BellRing Brands by 0.8% in the 2nd quarter. Dorsey Wright & Associates now owns 51,969 shares of the company’s stock worth $3,011,000 after acquiring an additional 401 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 1.5%

BRBR opened at $18.06 on Thursday. The firm has a 50-day moving average price of $23.66 and a 200-day moving average price of $30.53. BellRing Brands Inc. has a twelve month low of $17.09 and a twelve month high of $79.57. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.61 and a beta of 0.64.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The company had revenue of $537.30 million for the quarter, compared to analysts’ expectations of $505.44 million. During the same period in the prior year, the company posted $0.58 EPS. BellRing Brands’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BRBR has been the topic of several analyst reports. Evercore cut their price target on shares of BellRing Brands from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Barclays reaffirmed an “overweight” rating on shares of BellRing Brands in a research report on Thursday, February 5th. Stifel Nicolaus cut their price objective on BellRing Brands from $50.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Morgan Stanley set a $32.00 price target on shares of BellRing Brands in a report on Friday, January 16th. Finally, DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of BellRing Brands in a report on Wednesday, February 4th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $38.88.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of BellRing Brands stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the transaction, the insider owned 54,812 shares of the company’s stock, valued at $1,695,335.16. The trade was a 6.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.