Y Intercept Hong Kong Ltd Grows Stock Holdings in BellRing Brands Inc. $BRBR

Y Intercept Hong Kong Ltd grew its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 154.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 444,048 shares of the company’s stock after purchasing an additional 269,644 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BellRing Brands were worth $7,145,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BRBR. AQR Capital Management LLC increased its stake in BellRing Brands by 86.9% in the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Wasatch Advisors LP boosted its stake in BellRing Brands by 30.5% in the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after buying an additional 1,575,812 shares during the last quarter. Capital Research Global Investors purchased a new stake in BellRing Brands in the 3rd quarter valued at about $172,312,000. The Manufacturers Life Insurance Company grew its holdings in BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after buying an additional 2,336,029 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of BellRing Brands by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after acquiring an additional 19,471 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Activity

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the purchase, the director owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research lowered shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Jefferies Financial Group dropped their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Sanford C. Bernstein downgraded shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $35.00 to $11.00 in a research note on Wednesday, May 6th. Morgan Stanley reissued an “equal weight” rating and set a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Finally, Bank of America cut their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.47.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $13.86 on Friday. The stock has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $17.32. The stock has a market capitalization of $1.61 billion, a P/E ratio of 10.74, a PEG ratio of 6.83 and a beta of 0.45. BellRing Brands Inc. has a 1 year low of $7.82 and a 1 year high of $59.10.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). The business had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Analysts predict that BellRing Brands Inc. will post 1.22 earnings per share for the current year.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.