BellRing Brands Inc. $BRBR Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 546,525 shares of the company’s stock after selling 68,514 shares during the period. Gabelli Funds LLC’s holdings in BellRing Brands were worth $14,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Danske Bank A S acquired a new position in shares of BellRing Brands during the third quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of BellRing Brands during the third quarter worth about $35,000. IFP Advisors Inc grew its position 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 worth $38,000 after buying an additional 573 shares in the last quarter. CI Investments Inc. grew its position in shares of BellRing Brands by 439.1% during the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after buying an additional 944 shares in the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of BellRing Brands by 161.1% during the third quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock worth $50,000 after buying an additional 857 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

BellRing Brands Price Performance

BellRing Brands stock opened at $8.88 on Wednesday. BellRing Brands Inc. has a 12 month low of $8.85 and a 12 month high of $67.00. The business has a 50 day simple moving average of $14.97 and a 200-day simple moving average of $21.87. The stock has a market capitalization of $1.03 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 EPS. BellRing Brands’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that BellRing Brands Inc. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of research analyst reports. Barclays lowered their price target on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $31.00 price target on shares of BellRing Brands in a report on Monday, January 26th. Mizuho lowered their price target on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Finally, Bank of America lowered their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Company 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.