BellRing Brands Inc. $BRBR Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 17.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,520,053 shares of the company’s stock after purchasing an additional 366,121 shares during the period. William Blair Investment Management LLC owned approximately 2.00% of BellRing Brands worth $91,604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $35,000. True Wealth Design LLC increased its holdings in shares of BellRing Brands by 4,110.3% in the third quarter. True Wealth Design LLC now owns 1,221 shares of the company’s stock valued at $44,000 after purchasing an additional 1,192 shares during the period. Clearstead Advisors LLC raised its stake in shares of BellRing Brands by 161.1% during the third quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock worth $50,000 after purchasing an additional 857 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after purchasing an additional 373 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BRBR. Morgan Stanley set a $32.00 price objective on shares of BellRing Brands in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 price target on shares of BellRing Brands in a report on Monday, January 26th. Evercore dropped their target price on BellRing Brands from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings downgraded BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.88.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $18.39 on Monday. The stock has a fifty day moving average price of $23.24 and a 200 day moving average price of $30.18. The stock has a market cap of $2.16 billion, a PE ratio of 12.68, a P/E/G ratio of 3.62 and a beta of 0.69. BellRing Brands Inc. has a 1 year low of $17.09 and a 1 year high of $79.57.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The company had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $505.44 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

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.