Ardsley Advisory Partners LP Makes New $6.42 Million Investment in BellRing Brands Inc. $BRBR

Ardsley Advisory Partners LP acquired a new position in BellRing Brands Inc. (NYSE:BRBR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 240,000 shares of the company’s stock, valued at approximately $6,415,000.

A number of other large investors have also modified their holdings of BRBR. Larson Financial Group LLC raised its position in shares of BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 524 shares during the period. Danske Bank A S acquired a new position in shares of BellRing Brands in the third quarter worth about $29,000. IFP Advisors Inc raised its position in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares during the period. CI Investments Inc. raised its position in shares of BellRing Brands by 439.1% in the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after acquiring an additional 944 shares during the period. Finally, Clearstead Advisors LLC raised its position in shares of BellRing Brands by 161.1% in the third quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock worth $50,000 after acquiring an additional 857 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

BRBR has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Bank of America reduced their price target on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Stifel Nicolaus dropped their price objective on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group dropped their price objective on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Nine 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. According to MarketBeat, BellRing Brands presently has an average rating of “Hold” and a consensus price target of $22.47.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of BellRing Brands stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the acquisition, the director directly owned 13,326 shares in the company, valued at $122,998.98. This represents a 42.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

BellRing Brands Stock Performance

NYSE:BRBR opened at $9.05 on Thursday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 7.01, a PEG ratio of 4.33 and a beta of 0.56. The company has a 50 day moving average price of $11.67 and a 200 day moving average price of $18.87. BellRing Brands Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $62.88.

BellRing Brands (NYSE:BRBR) last posted 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). The company had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. Research analysts forecast that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal 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.