BellRing Brands Inc. $BRBR Position Lessened by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in BellRing Brands Inc. (NYSE:BRBR) by 28.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,926 shares of the company’s stock after selling 106,334 shares during the period. Intech Investment Management LLC’s holdings in BellRing Brands were worth $7,162,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP lifted its holdings in shares of BellRing Brands by 30.5% in the 3rd 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 bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $172,312,000. AQR Capital Management LLC lifted its holdings in shares of BellRing Brands by 253.9% in the 3rd 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 lifted its holdings in shares of BellRing Brands by 0.5% in the 3rd 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. bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $98,944,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $8.36 on Friday. BellRing Brands Inc. has a 1 year low of $8.30 and a 1 year high of $63.52. The stock has a market cap of $971.87 million, a PE ratio of 6.48, a price-to-earnings-growth ratio of 4.10 and a beta of 0.74. The business’s fifty day moving average is $13.59 and its 200-day moving average is $20.74.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRBR. Mizuho cut their price target on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Barclays lowered their target price on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. DA Davidson lowered their target price on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, BTIG Research started coverage on BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.47.

Insider Activity

In related 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 acquired 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 of the company’s stock, valued at $122,998.98. The trade was a 42.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by 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.