William Blair Investment Management LLC Sells 291,753 Shares of BellRing Brands Inc. $BRBR

William Blair Investment Management LLC reduced its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 11.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,228,300 shares of the company’s stock after selling 291,753 shares during the quarter. William Blair Investment Management LLC’s holdings in BellRing Brands were worth $59,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRBR. Larson Financial Group LLC increased its holdings in BellRing Brands by 128.7% during the fourth 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. Danske Bank A S acquired a new position in BellRing Brands during the third quarter worth $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in BellRing Brands during the third quarter worth $35,000. IFP Advisors Inc increased its holdings in BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in BellRing Brands by 439.1% during the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after buying an additional 944 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the transaction, the director owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

BellRing Brands Stock Performance

BRBR opened at $8.93 on Monday. BellRing Brands Inc. has a fifty-two week low of $8.53 and a fifty-two week high of $63.83. The company has a market capitalization of $1.04 billion, a P/E ratio of 6.92, a P/E/G ratio of 4.37 and a beta of 0.74. The stock has a fifty day moving average of $14.49 and a 200-day moving average of $21.42.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The company had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. DA Davidson lowered their target price on shares of BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 target price on shares of BellRing Brands in a report on Monday, January 26th. Mizuho lowered their target price on shares of BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Finally, Stifel Nicolaus lowered their target price on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.47.

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.