Stephens Investment Management Group LLC Grows Stock Holdings in BellRing Brands Inc. $BRBR

Stephens Investment Management Group LLC lifted its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,329,359 shares of the company’s stock after purchasing an additional 23,428 shares during the period. Stephens Investment Management Group LLC’s holdings in BellRing Brands were worth $48,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of BellRing Brands during the 3rd quarter worth $1,287,000. Vontobel Holding Ltd. increased its position in BellRing Brands by 216.1% during the second quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company’s stock worth $1,043,000 after purchasing an additional 12,310 shares during the last quarter. Independence Bank of Kentucky increased its position in BellRing Brands by 91.5% during the second quarter. Independence Bank of Kentucky now owns 22,634 shares of the company’s stock worth $1,311,000 after purchasing an additional 10,814 shares during the last quarter. E. Ohman J or Asset Management AB raised its stake in BellRing Brands by 18.6% during the third quarter. E. Ohman J or Asset Management AB now owns 559,635 shares of the company’s stock worth $20,343,000 after purchasing an additional 87,948 shares during the period. Finally, Wilson Asset Management International PTY Ltd. boosted its holdings in BellRing Brands by 11.4% in the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 93,373 shares of the company’s stock valued at $5,409,000 after purchasing an additional 9,554 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insiders Place Their Bets

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the sale, the insider directly owned 54,812 shares in the company, valued at $1,695,335.16. This represents a 6.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

BellRing Brands Trading Down 1.4%

BRBR opened at $23.98 on Friday. The stock’s 50-day moving average price is $28.38 and its 200 day moving average price is $37.01. BellRing Brands Inc. has a 12-month low of $21.67 and a 12-month high of $80.67. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.33 and a beta of 0.65.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen cut their price target on shares of BellRing Brands from $31.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Morgan Stanley set a $32.00 price target on BellRing Brands in a research note on Friday. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Cowen reaffirmed a “hold” rating on shares of BellRing Brands in a research report on Thursday, January 8th. Finally, Stifel Nicolaus lowered their target price on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.56.

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.