BellRing Brands Inc. $BRBR Stock Holdings Trimmed by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 30.3% in the first quarter, HoldingsChannel reports. The fund owned 229,700 shares of the company’s stock after selling 100,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BellRing Brands were worth $3,696,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BRBR. Larson Financial Group LLC raised its stake in shares of BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares in the last quarter. Danske Bank A S bought a new position in BellRing Brands in the 3rd quarter valued at about $29,000. IFP Advisors Inc increased its stake in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in BellRing Brands by 333.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock valued at $50,000 after buying an additional 1,428 shares during the period. Finally, Signaturefd LLC raised its position in shares of BellRing Brands by 578.9% during the 4th quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after buying an additional 1,621 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 0.7%

Shares of NYSE BRBR opened at $13.20 on Friday. BellRing Brands Inc. has a twelve month low of $7.82 and a twelve month high of $55.24. The firm has a 50-day moving average of $11.01 and a two-hundred day moving average of $15.24. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 6.50 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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 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 period in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

BRBR has been the subject of a number of research analyst reports. BTIG Research initiated coverage on shares of BellRing Brands in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Bank of America lowered their price objective on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. TD Cowen dropped their target price on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.97.

Insider Activity

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the company’s stock in a transaction 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 completion of the acquisition, the director owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This represents a 42.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.