Savoir Faire Capital Management L.P. Reduces Position in BellRing Brands Inc. $BRBR

Savoir Faire Capital Management L.P. lowered its holdings in BellRing Brands Inc. (NYSE:BRBR) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,727 shares of the company’s stock after selling 53,242 shares during the period. Savoir Faire Capital Management L.P.’s holdings in BellRing Brands were worth $1,196,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after acquiring an additional 419 shares in the last quarter. Danske Bank A S bought a new stake in BellRing Brands in the third quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in BellRing Brands during the third quarter valued at approximately $35,000. IFP Advisors Inc raised its stake in BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in BellRing Brands by 439.1% during the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after buying an additional 944 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Trading Up 1.5%

Shares of NYSE BRBR opened at $17.81 on Friday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 5.68 and a beta of 0.73. BellRing Brands Inc. has a 12-month low of $14.19 and a 12-month high of $79.57. The stock’s 50 day simple moving average is $16.79 and its 200 day simple moving average is $23.80.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The firm had revenue of $537.30 million during the quarter, compared to the consensus estimate of $505.44 million. During the same period in the prior year, the business earned $0.58 EPS. The firm’s revenue was up .8% on a year-over-year basis. As a group, equities analysts forecast that BellRing Brands Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BRBR has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on BellRing Brands from $28.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Jefferies Financial Group reduced their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. UBS Group decreased their price objective on shares of BellRing Brands from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. TD Cowen reissued a “hold” rating on shares of BellRing Brands in a report on Monday, April 20th. Finally, BTIG Research began coverage on shares of BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.88.

Insider Activity

In other news, Director David Isaiah Finkelstein purchased 2,000 shares of the stock in a transaction dated Friday, February 13th. The stock was acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director owned 7,391 shares of the company’s stock, valued at approximately $131,190.25. The trade was a 37.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.