American Century Companies Inc. Trims Stock Holdings in BellRing Brands Inc. $BRBR

American Century Companies Inc. decreased its stake in BellRing Brands Inc. (NYSE:BRBR) by 75.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,925 shares of the company’s stock after selling 529,707 shares during the quarter. American Century Companies Inc. owned approximately 0.14% of BellRing Brands worth $12,950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Versant Capital Management Inc boosted its stake in BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 366 shares during the last quarter. TCTC Holdings LLC increased its holdings in BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after purchasing an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after acquiring an additional 283 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of BellRing Brands by 283.3% in the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after acquiring an additional 340 shares during the period. Finally, Colonial Trust Co SC purchased a new position in BellRing Brands during the 4th quarter worth $44,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 3.1%

Shares of NYSE BRBR opened at $38.6910 on Tuesday. The stock has a market cap of $4.87 billion, a P/E ratio of 22.11, a PEG ratio of 1.95 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. The business’s fifty day simple moving average is $51.85 and its 200-day simple moving average is $63.47.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $530.76 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. On average, equities analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director Shawn Conway acquired 2,700 shares of the stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $36.41 per share, with a total value of $98,307.00. Following the acquisition, the director owned 6,685 shares of the company’s stock, valued at $243,400.85. This trade represents a 67.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 193,978 shares in the company, valued at $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. Corporate insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BRBR. Truist Financial lowered their price target on BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Morgan Stanley decreased their price objective on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Evercore ISI cut their price target on BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Jefferies Financial Group lifted their price target on BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. began coverage on BellRing Brands in a research note on Wednesday, August 20th. They set an “overweight” rating and a $52.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.80.

BellRing Brands Company 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.