Intech Investment Management LLC Decreases Stock Position in BellRing Brands Inc. $BRBR

Intech Investment Management LLC lessened its stake in BellRing Brands Inc. (NYSE:BRBR) by 28.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,926 shares of the company’s stock after selling 106,334 shares during the quarter. Intech Investment Management LLC owned about 0.22% of BellRing Brands worth $7,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 524 shares during the period. Danske Bank A S purchased a new position in BellRing Brands in the third quarter valued at about $29,000. 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 valued at $38,000 after purchasing an additional 573 shares during the last quarter. 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 valued at $42,000 after purchasing an additional 944 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in BellRing Brands by 161.1% in the third quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock valued at $50,000 after purchasing an additional 857 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BRBR. DA Davidson reduced their price target on BellRing Brands from $34.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 15th. Mizuho reduced their price target on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. William Blair reissued an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Nine 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 company. According to MarketBeat.com, BellRing Brands has a consensus rating of “Hold” and a consensus target price of $22.47.

Insider Buying and Selling

In other news, Director David Isaiah Finkelstein bought 4,000 shares of BellRing Brands stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This represents a 42.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

BellRing Brands Stock Down 3.5%

NYSE:BRBR opened at $8.36 on Friday. The business’s 50 day moving average is $13.59 and its two-hundred day moving average is $20.74. BellRing Brands Inc. has a 52 week low of $8.30 and a 52 week high of $63.52. The company has a market cap of $971.87 million, a PE ratio of 6.48, a P/E/G ratio of 4.10 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last released its 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 firm had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts expect that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

BellRing Brands Company 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.