DJE Kapital AG Has $1.86 Million Holdings in BellRing Brands Inc. $BRBR

DJE Kapital AG cut its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 30.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,600 shares of the company’s stock after selling 14,000 shares during the period. DJE Kapital AG’s holdings in BellRing Brands were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. William Blair Investment Management LLC bought a new position in shares of BellRing Brands during the 2nd quarter valued at about $124,777,000. Axiom Investors LLC DE raised its holdings in BellRing Brands by 418.1% during the 1st quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after buying an additional 1,814,811 shares during the period. Junto Capital Management LP bought a new position in BellRing Brands in the first quarter valued at approximately $97,725,000. Nuveen LLC acquired a new position in shares of BellRing Brands in the first quarter valued at approximately $71,004,000. Finally, Baird Financial Group Inc. acquired a new position in shares of BellRing Brands in the first quarter valued at approximately $38,642,000. 94.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BellRing Brands

In other news, Director Shawn Conway bought 1,316 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the completion of the acquisition, the director owned 8,001 shares in the company, valued at approximately $400,049,919.99. This represents a 19.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.07% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $29.25 on Friday. The business has a 50-day moving average of $34.99 and a 200-day moving average of $49.38. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.66 and a beta of 0.70. BellRing Brands Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $282.40 million for the quarter. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. On average, sell-side analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its Board of Directors has initiated a stock buyback plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BRBR. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Evercore ISI reduced their price objective on BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Sanford C. Bernstein started coverage on BellRing Brands in a research report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, Stephens upgraded BellRing Brands from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price of $61.56.

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.