Clarkston Capital Partners LLC Increases Stock Holdings in BellRing Brands Inc. $BRBR

Clarkston Capital Partners LLC boosted its position in BellRing Brands Inc. (NYSE:BRBR) by 22.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,154,115 shares of the company’s stock after purchasing an additional 208,175 shares during the period. Clarkston Capital Partners LLC’s holdings in BellRing Brands were worth $30,849,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP boosted its position in BellRing Brands by 30.5% in the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after purchasing an additional 1,575,812 shares during the last quarter. Capital Research Global Investors purchased a new position in BellRing Brands in the third quarter worth about $172,312,000. AQR Capital Management LLC boosted its position in BellRing Brands by 253.9% in the third quarter. AQR Capital Management LLC now owns 3,748,812 shares of the company’s stock worth $136,269,000 after purchasing an additional 2,689,664 shares during the last quarter. Wellington Management Group LLP boosted its position in BellRing Brands by 0.5% in the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after purchasing an additional 19,471 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in BellRing Brands in the third quarter worth about $98,944,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BRBR. Bank of America dropped their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Stifel Nicolaus decreased their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. TD Cowen decreased their price objective on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, BTIG Research assumed coverage on BellRing Brands in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. 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 company has an average rating of “Hold” and a consensus price target of $22.47.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the purchase, the director 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

BellRing Brands Stock Down 1.2%

NYSE BRBR opened at $8.81 on Friday. The stock’s 50-day moving average price is $12.11 and its 200-day moving average price is $19.40. BellRing Brands Inc. has a 52 week low of $7.82 and a 52 week high of $63.08. The company has a market capitalization of $1.02 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 4.37 and a beta of 0.56.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $608.88 million. During the same period last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate 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.