Gabelli Funds LLC Has $9.98 Million Position in BellRing Brands Inc. $BRBR

Gabelli Funds LLC lifted its holdings in BellRing Brands Inc. (NYSE:BRBR) by 13.5% during the first quarter, HoldingsChannel reports. The firm owned 620,225 shares of the company’s stock after purchasing an additional 73,700 shares during the period. Gabelli Funds LLC’s holdings in BellRing Brands were worth $9,979,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Larson Financial Group LLC grew its holdings in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares during the last quarter. Danske Bank A S bought a new position in BellRing Brands in the 3rd quarter worth approximately $29,000. IFP Advisors Inc increased its position in BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after buying an additional 1,428 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of BellRing Brands by 578.9% during the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after buying an additional 1,621 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Stifel Nicolaus increased their price target on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of “Hold” and an average price target of $20.70.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 13,326 shares in the company, valued at $122,998.98. This represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

BellRing Brands Stock Up 0.3%

BellRing Brands stock opened at $12.99 on Monday. The business has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $15.54. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 6.34 and a beta of 0.45. BellRing Brands Inc. has a 12 month low of $7.82 and a 12 month high of $56.69.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). The firm 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%.BellRing Brands’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. On average, analysts expect that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal 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.