ING Groep NV Acquires 107,600 Shares of BellRing Brands Inc. $BRBR

ING Groep NV boosted its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 16.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 747,400 shares of the company’s stock after purchasing an additional 107,600 shares during the quarter. ING Groep NV’s holdings in BellRing Brands were worth $19,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S bought a new stake in BellRing Brands during the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the period. IFP Advisors Inc raised its stake in BellRing Brands by 124.3% during the 3rd 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 period. CI Investments Inc. raised its stake in BellRing Brands by 439.1% during the 3rd 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 period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares during the period. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRBR. Jefferies Financial Group decreased their target price on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. DA Davidson cut 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. Barclays cut their price target on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Morgan Stanley restated an “equal weight” rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Finally, Bank of America cut their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $8.80 on Monday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 4.30 and a beta of 0.56. The stock has a 50 day moving average price of $12.83 and a 200-day moving average price of $20.05. BellRing Brands Inc. has a one year low of $8.10 and a one year high of $63.08.

BellRing Brands (NYSE:BRBR) last announced 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). The company had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.BellRing Brands’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Sell-side analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the acquisition, the director owned 13,326 shares in the company, valued at $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 at this hyperlink. Company insiders own 1.50% of the company’s stock.

About BellRing Brands

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.