Champlain Investment Partners LLC Sells 230,431 Shares of BellRing Brands Inc. $BRBR

Champlain Investment Partners LLC lowered its stake in BellRing Brands Inc. (NYSE:BRBR) by 34.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 442,394 shares of the company’s stock after selling 230,431 shares during the period. Champlain Investment Partners LLC owned 0.34% of BellRing Brands worth $32,941,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its stake in shares of BellRing Brands by 32.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company’s stock valued at $174,866,000 after buying an additional 564,342 shares during the period. Axiom Investors LLC DE boosted its holdings in BellRing Brands by 418.1% in the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock valued at $167,455,000 after acquiring an additional 1,814,811 shares during the last quarter. Assenagon Asset Management S.A. increased its position in BellRing Brands by 77.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company’s stock worth $131,137,000 after purchasing an additional 768,595 shares during the period. Bank of America Corp DE increased its position in BellRing Brands by 73.5% in the fourth quarter. Bank of America Corp DE now owns 1,709,652 shares of the company’s stock worth $128,805,000 after purchasing an additional 724,337 shares during the period. Finally, Driehaus Capital Management LLC raised its holdings in BellRing Brands by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 1,224,040 shares of the company’s stock worth $92,219,000 after purchasing an additional 60,534 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

BellRing Brands stock opened at $40.74 on Thursday. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.94 and a beta of 0.72. The company’s 50 day simple moving average is $50.99 and its 200 day simple moving average is $63.15. BellRing Brands Inc. has a fifty-two week low of $34.02 and a fifty-two week high of $80.67.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRBR. Morgan Stanley reduced their target price on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Citigroup cut their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of BellRing Brands in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $52.00 price objective on the stock. Stephens upgraded shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $68.00 to $50.00 in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group increased 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. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.80.

Insider Buying and Selling

In other BellRing Brands news, insider Craig L. Rosenthal purchased 2,600 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price of $37.29 per share, with a total value of $96,954.00. Following the completion of the transaction, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shawn Conway acquired 1,316 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the acquisition, the director directly owned 8,001 shares in the company, valued at $400,049,919.99. This represents a 19.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. 1.07% of the stock is currently owned by company 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.