Jefferies Financial Group Inc. Has $3.59 Million Stock Position in BellRing Brands Inc. $BRBR

Jefferies Financial Group Inc. grew its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 1,799.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 134,146 shares of the company’s stock after buying an additional 127,085 shares during the quarter. Jefferies Financial Group Inc.’s holdings in BellRing Brands were worth $3,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRBR. Capital Research Global Investors acquired a new position in shares of BellRing Brands during the third quarter valued at about $172,312,000. Alyeska Investment Group L.P. acquired a new position in shares of BellRing Brands during the third quarter valued at about $98,944,000. AQR Capital Management LLC raised its holdings in shares of BellRing Brands by 253.9% during the third quarter. AQR Capital Management LLC now owns 3,748,812 shares of the company’s stock valued at $136,269,000 after purchasing an additional 2,689,664 shares during the period. Wasatch Advisors LP raised its holdings in shares of BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock valued at $245,363,000 after purchasing an additional 1,575,812 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of BellRing Brands during the third quarter valued at about $49,584,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR opened at $8.63 on Wednesday. BellRing Brands Inc. has a fifty-two week low of $8.53 and a fifty-two week high of $63.83. The firm has a market capitalization of $1.00 billion, a PE ratio of 6.69, a P/E/G ratio of 4.37 and a beta of 0.74. The company’s 50-day moving average is $14.17 and its 200 day moving average is $21.12.

BellRing Brands (NYSE:BRBR) last posted its 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). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue was up 1.8% on a year-over-year basis. As a group, analysts expect that BellRing Brands Inc. will post 1.23 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BRBR shares. Jefferies Financial Group dropped their price objective on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Weiss Ratings lowered shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. William Blair reiterated an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, BTIG Research began coverage on shares of BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Hold” and an average target price of $22.47.

Insider Buying and Selling at BellRing Brands

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 bought at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the acquisition, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

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.