VIRGINIA RETIREMENT SYSTEMS ET Al Buys 35,000 Shares of BellRing Brands Inc. $BRBR

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in BellRing Brands Inc. (NYSE:BRBR) by 875.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,000 shares of the company’s stock after purchasing an additional 35,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in BellRing Brands were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BRBR. Maseco LLP bought a new stake in shares of BellRing Brands in the second quarter valued at about $25,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 132.6% during the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after buying an additional 419 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in BellRing Brands by 287.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $65,000 after buying an additional 649 shares during the last quarter. McIlrath & Eck LLC lifted its stake in BellRing Brands by 13.6% in the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock valued at $105,000 after acquiring an additional 169 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in BellRing Brands in the 2nd quarter valued at approximately $82,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 2.4%

Shares of BRBR opened at $26.09 on Friday. The company’s fifty day simple moving average is $29.69 and its 200 day simple moving average is $39.48. BellRing Brands Inc. has a 1-year low of $22.45 and a 1-year high of $80.67. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 3.57 and a beta of 0.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, research analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRBR. Barclays decreased their price target on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Cowen cut shares of BellRing Brands from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. TD Cowen reaffirmed a “hold” rating and issued a $31.00 target price (down previously from $37.00) on shares of BellRing Brands in a research report on Thursday, November 20th. JPMorgan Chase & Co. lowered their price target on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BellRing Brands in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the transaction, the insider owned 54,812 shares of the company’s stock, valued at $1,695,335.16. The trade was a 6.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

BellRing Brands 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.