BellRing Brands Inc. $BRBR Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in BellRing Brands Inc. (NYSE:BRBR) by 717.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 103,330 shares of the company’s stock after buying an additional 90,693 shares during the quarter. Hsbc Holdings PLC’s holdings in BellRing Brands were worth $1,665,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Larson Financial Group LLC grew its position in shares of 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 buying an additional 524 shares during the last quarter. Danske Bank A S acquired a new position in BellRing Brands in the third quarter valued at approximately $29,000. IFP Advisors Inc grew its holdings in shares of BellRing Brands by 124.3% during 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. Caitong International Asset Management Co. Ltd grew its holdings in shares of BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock valued at $50,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of BellRing Brands by 578.9% during the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock valued at $51,000 after purchasing an additional 1,621 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, the director directly owned 13,326 shares in the company, valued at $122,998.98. The trade was a 42.89% increase in their ownership of the stock. 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on BRBR. BTIG Research assumed coverage on BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. UBS Group increased their target price on BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein cut BellRing Brands from an “outperform” rating to a “market perform” rating and cut their target price for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BellRing Brands presently has an average rating of “Hold” and an average target price of $20.70.

BellRing Brands Trading Up 0.3%

Shares of NYSE:BRBR opened at $12.99 on Monday. The firm’s 50 day moving average is $10.67 and its two-hundred day moving average is $15.54. BellRing Brands Inc. has a 52 week low of $7.82 and a 52 week high of $56.69. The firm has a market capitalization of $1.51 billion, a P/E ratio of 10.07, a PEG ratio of 6.34 and a beta of 0.45.

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

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.