Landscape Capital Management L.L.C. Cuts Stock Position in BellRing Brands Inc. $BRBR

Landscape Capital Management L.L.C. lessened its holdings in BellRing Brands Inc. (NYSE:BRBR) by 35.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 354,938 shares of the company’s stock after selling 190,758 shares during the period. BellRing Brands accounts for approximately 0.6% of Landscape Capital Management L.L.C.’s holdings, making the stock its 20th biggest position. Landscape Capital Management L.L.C.’s holdings in BellRing Brands were worth $9,487,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BRBR. Capital Research Global Investors purchased a new stake in BellRing Brands in the 3rd quarter worth $172,312,000. Alyeska Investment Group L.P. purchased a new stake in BellRing Brands in the 3rd quarter worth $98,944,000. AQR Capital Management LLC increased its stake in BellRing Brands by 253.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,748,812 shares of the company’s stock worth $136,269,000 after buying an additional 2,689,664 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after buying an additional 2,336,029 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in BellRing Brands by 30.5% in the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after buying an additional 1,575,812 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

BRBR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. UBS Group cut their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Bank of America reduced their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. TD Cowen reduced their target price on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Finally, Stifel Nicolaus reduced their target price on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Nine investment 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. According to data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Hold” and a consensus price target of $22.47.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

BellRing Brands Trading Down 1.2%

Shares of BRBR stock opened at $8.81 on Friday. BellRing Brands Inc. has a 12-month low of $7.82 and a 12-month high of $63.08. The stock’s 50-day moving average price is $12.11 and its 200-day moving average price is $19.40. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 4.32 and a beta of 0.56.

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