J. Safra Sarasin Holding AG Has $502,000 Stock Position in BellRing Brands Inc. $BRBR

J. Safra Sarasin Holding AG decreased its stake in BellRing Brands Inc. (NYSE:BRBR) by 34.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,665 shares of the company’s stock after selling 4,462 shares during the period. J. Safra Sarasin Holding AG’s holdings in BellRing Brands were worth $502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BRBR. Maseco LLP acquired a new stake in shares of BellRing Brands in the second quarter worth $25,000. Versant Capital Management Inc grew its stake in shares of 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. TCTC Holdings LLC grew its stake in shares of BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after acquiring an additional 190 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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. Finally, Smartleaf Asset Management LLC grew its stake in shares of BellRing Brands by 149.8% in the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 310 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $35.00 on Friday. The stock has a market cap of $4.41 billion, a PE ratio of 20.00, a PEG ratio of 1.62 and a beta of 0.75. The business has a fifty day moving average of $40.27 and a two-hundred day moving average of $56.67. BellRing Brands Inc. has a 52-week low of $34.02 and a 52-week high of $80.67.

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

BellRing Brands declared that its board has initiated a share buyback plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shawn Conway acquired 2,700 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the acquisition, the director owned 6,685 shares of the company’s stock, valued at approximately $243,400.85. This trade represents a 67.75% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. Company insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BRBR. Zacks Research downgraded shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BellRing Brands in a research report on Saturday, September 27th. JPMorgan Chase & Co. initiated coverage on BellRing Brands in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $52.00 target price for the company. Mizuho reduced their target price on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, August 18th. Finally, Morgan Stanley reduced their target price on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.80.

About BellRing Brands

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.