Segall Bryant & Hamill LLC Sells 3,278 Shares of BellRing Brands Inc. (NYSE:BRBR)

Segall Bryant & Hamill LLC lowered its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 2.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 116,068 shares of the company’s stock after selling 3,278 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of BellRing Brands worth $8,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $51,000 after purchasing an additional 665 shares in the last quarter. Florida Financial Advisors LLC bought a new position in shares of BellRing Brands in the first quarter valued at $354,000. Stephens Inc. AR raised its stake in BellRing Brands by 5.0% in the first quarter. Stephens Inc. AR now owns 3,705 shares of the company’s stock valued at $276,000 after purchasing an additional 175 shares in the last quarter. Xponance Inc. boosted its holdings in shares of BellRing Brands by 0.9% during the 1st quarter. Xponance Inc. now owns 15,221 shares of the company’s stock worth $1,133,000 after buying an additional 142 shares in the last quarter. Finally, Hunter Associates Investment Management LLC lifted its stake in BellRing Brands by 18.7% during the 1st quarter. Hunter Associates Investment Management LLC now owns 68,102 shares of the company’s stock valued at $5,063,000 after acquiring an additional 10,719 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup lowered their price target on BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Truist Financial dropped their price target on BellRing Brands from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, July 2nd. Morgan Stanley started coverage on BellRing Brands in a report on Monday, March 24th. They issued an “overweight” rating and a $84.00 price target for the company. Mizuho decreased their price target on shares of BellRing Brands from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 28th. Finally, Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $76.19.

Insiders Place Their Bets

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $57.66, for a total value of $92,256.00. Following the completion of the sale, the chief executive officer directly owned 198,778 shares in the company, valued at approximately $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 9,600 shares of company stock valued at $570,128 over the last quarter. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Down 0.1%

Shares of NYSE BRBR opened at $57.18 on Friday. BellRing Brands Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The firm has a 50-day simple moving average of $60.50 and a 200-day simple moving average of $69.00. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. BellRing Brands’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. As a group, equities research analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current year.

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.