Grandeur Peak Global Advisors LLC Has $2.10 Million Stock Position in BellRing Brands Inc. $BRBR

Grandeur Peak Global Advisors LLC grew its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 92.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,320 shares of the company’s stock after acquiring an additional 17,436 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in BellRing Brands were worth $2,104,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Axiom Investors LLC DE lifted its holdings in BellRing Brands by 418.1% during the 1st quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after purchasing an additional 1,814,811 shares during the last quarter. William Blair Investment Management LLC acquired a new position in BellRing Brands in the 2nd quarter valued at $124,777,000. Driehaus Capital Management LLC increased its position in BellRing Brands by 19.4% during the 1st quarter. Driehaus Capital Management LLC now owns 1,461,515 shares of the company’s stock worth $108,824,000 after buying an additional 237,475 shares during the period. Junto Capital Management LP acquired a new stake in shares of BellRing Brands during the first quarter worth $97,725,000. Finally, Primecap Management Co. CA lifted its holdings in shares of BellRing Brands by 89.5% during the second quarter. Primecap Management Co. CA now owns 1,145,218 shares of the company’s stock worth $66,342,000 after buying an additional 540,818 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $48.00 target price on shares of BellRing Brands in a report on Wednesday, November 19th. Truist Financial cut their price target on BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, August 6th. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Finally, Bank of America reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $50.00) on shares of BellRing Brands in a report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.53.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $30.89 on Friday. BellRing Brands Inc. has a 1 year low of $22.45 and a 1 year high of $80.67. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 4.06 and a beta of 0.70. The company’s 50 day simple moving average is $32.14 and its 200 day simple moving average is $44.94.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The business had revenue of $648.20 million during the quarter, compared to analyst estimates of $633.21 million. During the same period in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. BellRing Brands has set its FY 2026 guidance at EPS. As a group, analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a stock buyback program on Tuesday, September 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

BellRing Brands Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.