BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by PYA Waltman Capital LLC

PYA Waltman Capital LLC grew its holdings in shares of BellRing Brands, Inc. (NYSE:BRBRGet Rating) by 453,906.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,303 shares of the company’s stock after acquiring an additional 204,258 shares during the period. BellRing Brands comprises about 2.3% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 15th biggest holding. PYA Waltman Capital LLC owned approximately 0.53% of BellRing Brands worth $4,715,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Los Angeles Capital Management LLC lifted its position in shares of BellRing Brands by 21.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 24,215 shares of the company’s stock worth $691,000 after purchasing an additional 4,296 shares during the last quarter. Strs Ohio lifted its position in shares of BellRing Brands by 118.9% during the first quarter. Strs Ohio now owns 26,700 shares of the company’s stock worth $616,000 after purchasing an additional 14,500 shares during the last quarter. Clifford Swan Investment Counsel LLC bought a new position in shares of BellRing Brands during the first quarter worth about $1,015,000. New York State Teachers Retirement System bought a new position in shares of BellRing Brands during the first quarter worth about $2,380,000. Finally, SeaBridge Investment Advisors LLC bought a new position in shares of BellRing Brands during the first quarter worth about $432,000.

Insider Buying and Selling at BellRing Brands

In related news, Director Elliot Stein, Jr. bought 2,000 shares of BellRing Brands stock in a transaction dated Thursday, May 12th. The shares were bought at an average cost of $23.67 per share, for a total transaction of $47,340.00. Following the completion of the transaction, the director now owns 19,551 shares of the company’s stock, valued at $462,772.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several research analyst reports. Citigroup initiated coverage on shares of BellRing Brands in a research report on Monday, May 9th. They set a “buy” rating on the stock. Morgan Stanley cut their target price on shares of BellRing Brands from $32.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday, April 26th. Finally, Mizuho cut their target price on shares of BellRing Brands from $33.00 to $30.00 in a report on Tuesday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.14.

BellRing Brands Trading Down 1.4 %

BRBR opened at $24.96 on Friday. The stock has a market cap of $3.40 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. BellRing Brands, Inc. has a twelve month low of $20.36 and a twelve month high of $34.19. The business’s 50 day moving average is $24.63 and its 200-day moving average is $24.55.

BellRing Brands (NYSE:BRBRGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $386.67 million. BellRing Brands had a net margin of 4.38% and a negative return on equity of 3.60%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, analysts forecast that BellRing Brands, Inc. will post 1.15 EPS for the current year.

BellRing Brands Company Profile

(Get Rating)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

Further Reading

Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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