King Luther Capital Management Corp Decreases Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

King Luther Capital Management Corp lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,630 shares of the company’s stock after selling 4,682 shares during the period. King Luther Capital Management Corp’s holdings in BellRing Brands were worth $7,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BRBR. Allworth Financial LP raised its position in BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in BellRing Brands during the fourth quarter worth about $44,000. Parkside Financial Bank & Trust raised its position in BellRing Brands by 108.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after acquiring an additional 636 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in BellRing Brands during the fourth quarter worth about $56,000. Finally, Spire Wealth Management raised its position in BellRing Brands by 40.0% during the fourth quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

BRBR has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Mizuho boosted their price objective on shares of BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stephens reissued an “equal weight” rating and issued a $53.00 price objective on shares of BellRing Brands in a research report on Tuesday, May 7th. TD Cowen boosted their price objective on shares of BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Evercore ISI boosted their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $61.83.

BellRing Brands Stock Performance

BellRing Brands stock traded down $0.09 during trading on Wednesday, reaching $58.19. The company had a trading volume of 489,815 shares, compared to its average volume of 1,205,738. BellRing Brands, Inc. has a 12-month low of $34.58 and a 12-month high of $62.76. The stock’s 50 day moving average price is $57.74 and its two-hundred day moving average price is $55.45. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 1.89 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The company had revenue of $494.60 million during the quarter, compared to the consensus estimate of $467.22 million. During the same period in the previous year, the firm earned $0.24 earnings per share. BellRing Brands’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, research analysts expect that BellRing Brands, Inc. will post 1.78 earnings per share for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the sale, the chairman now directly owns 215,054 shares in the company, valued at $12,935,498.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.

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.