Motley Fool Asset Management LLC Sells 300 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Motley Fool Asset Management LLC trimmed its position in BellRing Brands, Inc. (NYSE:BRBR) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,300 shares of the company’s stock after selling 300 shares during the quarter. Motley Fool Asset Management LLC’s holdings in BellRing Brands were worth $1,966,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BRBR. Rise Advisors LLC bought a new stake in BellRing Brands during the first quarter worth approximately $32,000. Parallel Advisors LLC increased its stake in BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands during the first quarter worth approximately $37,000. Global Wealth Management Investment Advisory Inc. bought a new stake in BellRing Brands during the fourth quarter worth approximately $44,000. Finally, Spire Wealth Management increased its stake in BellRing Brands by 40.0% during the fourth quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after acquiring an additional 300 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Trading Up 0.5 %

Shares of BRBR stock traded up $0.23 during trading hours on Wednesday, reaching $51.28. 1,087,252 shares of the company’s stock were exchanged, compared to its average volume of 1,357,496. The stock’s 50 day moving average is $55.82 and its 200-day moving average is $56.81. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 1.49 and a beta of 0.84. BellRing Brands, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. Equities analysts anticipate that BellRing Brands, Inc. will post 1.8 EPS for the current year.

Insider Activity at BellRing Brands

In related news, Chairman Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total value of $902,250.00. Following the transaction, the chairman now directly owns 215,054 shares of the company’s stock, valued at approximately $12,935,498.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of analyst reports. Evercore ISI upped their target price on BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Stephens reaffirmed an “equal weight” rating and set a $53.00 target price on shares of BellRing Brands in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft cut their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays upped their target price on BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, TD Cowen upped their target price on BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.29.

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.