Cerity Partners LLC Sells 11,908 Shares of BellRing Brands Inc. (NYSE:BRBR)

Cerity Partners LLC lowered its holdings in BellRing Brands Inc. (NYSE:BRBR) by 22.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,748 shares of the company’s stock after selling 11,908 shares during the period. Cerity Partners LLC’s holdings in BellRing Brands were worth $3,109,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BellRing Brands during the 1st quarter valued at approximately $280,000. GAMMA Investing LLC lifted its holdings in BellRing Brands by 12.2% during the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company’s stock valued at $172,000 after purchasing an additional 252 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in BellRing Brands by 0.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company’s stock worth $5,365,000 after purchasing an additional 438 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of BellRing Brands by 71.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company’s stock worth $661,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of BellRing Brands by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company’s stock valued at $1,384,000 after purchasing an additional 4,461 shares during the period. Institutional investors own 94.97% of the company’s stock.

Insider Activity 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, July 11th. The shares were 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 of the company’s stock, valued at $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 9,600 shares of company stock worth $570,128. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Trading Up 1.6%

Shares of BellRing Brands stock opened at $58.11 on Friday. The firm has a market capitalization of $7.38 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70. BellRing Brands Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The business’s 50-day moving average price is $60.44 and its 200-day moving average price is $68.88.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BRBR shares. DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 27th. Truist Financial reduced their price objective on shares of BellRing Brands from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, July 2nd. Citigroup decreased their target price 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. Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an “overweight” rating in a report on Wednesday, May 7th. Finally, UBS Group decreased their price target on shares of BellRing Brands from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.19.

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.