Counterpoint Mutual Funds LLC Boosts Stock Position in BellRing Brands Inc. $BRBR

Counterpoint Mutual Funds LLC grew its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 1,483.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 297,279 shares of the company’s stock after buying an additional 278,508 shares during the quarter. BellRing Brands accounts for about 0.7% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 20th largest holding. Counterpoint Mutual Funds LLC’s holdings in BellRing Brands were worth $4,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Danske Bank A S bought a new stake in shares of BellRing Brands in the third quarter worth $29,000. Larson Financial Group LLC boosted its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 524 shares during the last quarter. IFP Advisors Inc boosted its stake in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after acquiring an additional 573 shares during the last quarter. CI Investments Inc. grew 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 acquiring an additional 944 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after acquiring an additional 373 shares in 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 $13.86 on Friday. The company has a market cap of $1.61 billion, a PE ratio of 10.74, a P/E/G ratio of 6.83 and a beta of 0.45. The company has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $17.32. BellRing Brands Inc. has a 12 month low of $7.82 and a 12 month high of $59.10.

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

Insider Activity at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the transaction, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their target price for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. DA Davidson decreased their price target on BellRing Brands from $34.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Bank of America lowered their price objective on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Barclays cut their price objective on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Company Profile

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.