BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Vista Finance LLC

Vista Finance LLC trimmed its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 25.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,825 shares of the company’s stock after selling 952 shares during the period. Vista Finance LLC’s holdings in BellRing Brands were worth $210,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake 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 buying an additional 366 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake 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 buying an additional 283 shares during the period. Colonial Trust Co SC acquired a new position in shares of BellRing Brands during the 4th quarter worth approximately $44,000. Aster Capital Management DIFC Ltd raised its stake in shares of BellRing Brands by 747.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock worth $55,000 after buying an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock worth $69,000 after buying an additional 591 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent research reports. Evercore ISI reduced their price objective 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. Morgan Stanley initiated coverage on BellRing Brands in a research note on Monday, March 24th. They issued an “overweight” rating and a $84.00 price objective for the company. UBS Group reduced their price objective on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Mizuho reduced their price objective on BellRing Brands from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 28th. Finally, Truist Financial reduced their price objective on BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

BellRing Brands Stock Down 2.6%

NYSE BRBR opened at $58.54 on Friday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The business’s fifty day simple moving average is $67.70 and its 200-day simple moving average is $72.06. The firm has a market cap of $7.43 billion, a PE ratio of 27.48, a P/E/G ratio of 2.24 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. BellRing Brands’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has authorized a stock repurchase plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $62.91, for a total value of $100,656.00. Following the sale, the chief executive officer now directly owns 208,378 shares in the company, valued at approximately $13,109,059.98. The trade was a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the sale, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This trade represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,392 shares of company stock worth $437,399. Company insiders own 1.07% of the company’s stock.

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.