Strs Ohio Trims Stake in BellRing Brands Inc. $BRBR

Strs Ohio lowered its position in BellRing Brands Inc. (NYSE:BRBR) by 98.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,009 shares of the company’s stock after selling 162,095 shares during the quarter. Strs Ohio’s holdings in BellRing Brands were worth $80,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after buying an additional 373 shares during the period. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after acquiring an additional 419 shares during the period. Treasurer of the State of North Carolina grew its position in BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after acquiring an additional 456 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after purchasing an additional 467 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 1.0%

Shares of NYSE:BRBR opened at $9.49 on Wednesday. The company has a market capitalization of $1.11 billion, a PE ratio of 7.36, a P/E/G ratio of 4.61 and a beta of 0.74. BellRing Brands Inc. has a 12-month low of $9.22 and a 12-month high of $67.00. The business’s fifty day simple moving average is $15.81 and its 200-day simple moving average is $22.67.

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

Insider Buying and Selling

In other news, Director David Isaiah Finkelstein purchased 2,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was acquired at an average cost of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the director owned 7,391 shares in the company, valued at $131,190.25. This represents a 37.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 2nd. BTIG Research initiated coverage on BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating for the company. William Blair reissued an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Bank of America lowered their price objective on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.73.

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.