E. Ohman J or Asset Management AB Increases Position in BellRing Brands Inc. $BRBR

E. Ohman J or Asset Management AB raised its holdings in shares of BellRing Brands Inc. (NYSE:BRBRFree Report) by 27.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 711,625 shares of the company’s stock after purchasing an additional 151,990 shares during the period. E. Ohman J or Asset Management AB’s holdings in BellRing Brands were worth $19,022,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BRBR. Farther Finance Advisors LLC boosted its position in shares of BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S bought a new position in BellRing Brands during the 3rd quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd purchased a new position in BellRing Brands during the third quarter valued at $35,000. IFP Advisors Inc boosted its holdings in BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares in the last quarter. Finally, CI Investments Inc. boosted its holdings in BellRing Brands by 439.1% in the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after acquiring an additional 944 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Key BellRing Brands News

Here are the key news stories impacting BellRing Brands this week:

BellRing Brands Trading Down 3.7%

BRBR opened at $16.59 on Tuesday. BellRing Brands Inc. has a 12-month low of $15.97 and a 12-month high of $79.57. The company’s 50 day moving average is $20.28 and its 200 day moving average is $27.60. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 3.39 and a beta of 0.69.

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

Wall Street Analysts Forecast Growth

BRBR has been the subject of several analyst reports. UBS Group set a $23.00 price target on BellRing Brands in a report on Wednesday, February 4th. Jefferies Financial Group cut their price objective on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Mizuho decreased their target price on shares of BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Finally, Bank of America upped their target price on shares of BellRing Brands from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Check Out Our Latest Report on BRBR

Insider Transactions at BellRing Brands

In other news, Director David Isaiah Finkelstein bought 2,000 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were bought at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the director owned 7,391 shares in the company, valued at approximately $131,190.25. The trade was a 37.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

BellRing Brands Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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