BellRing Brands Inc. $BRBR Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in BellRing Brands Inc. (NYSE:BRBR) by 110.1% during the first quarter, HoldingsChannel reports. The firm owned 130,195 shares of the company’s stock after purchasing an additional 68,223 shares during the period. Quantinno Capital Management LP’s holdings in BellRing Brands were worth $2,095,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost 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 approximately $122,998.98. This represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

BRBR has been the topic of a number of analyst reports. BTIG Research began coverage on BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $35.00 to $11.00 in a research report on Wednesday, May 6th. Finally, TD Cowen boosted their price target on shares of BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.82.

BellRing Brands Stock Performance

BellRing Brands stock opened at $11.42 on Tuesday. BellRing Brands Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $43.02. The firm has a 50 day moving average price of $11.51 and a 200 day moving average price of $14.65. The company has a market capitalization of $1.33 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 6.78 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The firm had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same period in the previous year, the company posted $0.55 EPS. BellRing Brands’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that BellRing Brands Inc. will post 1.03 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.