Wedmont Private Capital Takes $1.59 Million Position in BellRing Brands Inc. $BRBR

Wedmont Private Capital acquired a new position in BellRing Brands Inc. (NYSE:BRBR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 127,656 shares of the company’s stock, valued at approximately $1,593,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRBR. Northwestern Mutual Wealth Management Co. grew its holdings in BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of BellRing Brands by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after buying an additional 456 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of BellRing Brands by 9.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after buying an additional 467 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of BellRing Brands by 5.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock worth $257,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BRBR. Stifel Nicolaus increased their price objective on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. UBS Group increased their price target on shares of BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, July 16th. DA Davidson raised their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. Finally, TD Cowen upped their target price on BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands has an average rating of “Hold” and a consensus target price of $19.82.

BellRing Brands Trading Up 0.4%

Shares of BRBR stock opened at $10.43 on Tuesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 6.09 and a beta of 0.43. The firm has a 50-day moving average price of $11.90 and a 200 day moving average price of $13.04. BellRing Brands Inc. has a twelve month low of $7.82 and a twelve month high of $43.02.

BellRing Brands (NYSE:BRBR) last released its quarterly 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). The firm had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.BellRing Brands’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, research analysts predict that BellRing Brands Inc. will post 1.03 earnings per share for the current year.

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.