3,030 Shares in BellRing Brands Inc. (NYSE:BRBR) Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. purchased a new position in BellRing Brands Inc. (NYSE:BRBR) in the first quarter, Holdings Channel reports. The fund purchased 3,030 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in BellRing Brands by 1,742.9% in the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock worth $29,000 after acquiring an additional 366 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in BellRing Brands by 283.3% in the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock worth $34,000 after acquiring an additional 340 shares during the last quarter. Colonial Trust Co SC purchased a new position in BellRing Brands in the fourth quarter worth approximately $44,000. Finally, Larson Financial Group LLC raised its holdings in 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 purchasing an additional 665 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $39.04 on Friday. The firm’s fifty day simple moving average is $56.68 and its 200-day simple moving average is $66.48. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.91 and a beta of 0.72. BellRing Brands Inc. has a 12 month low of $34.02 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of research analyst reports. Stephens raised shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $68.00 to $50.00 in a report on Wednesday. Mizuho cut their price objective on shares of BellRing Brands from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, May 28th. Barclays reissued an “overweight” rating and set a $50.00 price objective (down previously from $75.00) on shares of BellRing Brands in a report on Thursday. Citigroup cut their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the transaction, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig L. Rosenthal acquired 2,600 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the purchase, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 14,400 shares of company stock valued at $836,224. 1.07% of the stock is owned by company insiders.

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.