Quantinno Capital Management LP Grows Position in BellRing Brands Inc. $BRBR

Quantinno Capital Management LP raised its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 110.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,195 shares of the company’s stock after purchasing an additional 68,223 shares during the period. Quantinno Capital Management LP owned 0.11% of BellRing Brands worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BRBR. AQR Capital Management LLC grew its position in BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after acquiring an additional 3,258,035 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in BellRing Brands during the 3rd quarter valued at about $98,944,000. The Manufacturers Life Insurance Company lifted its holdings in BellRing Brands by 156.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after buying an additional 2,336,029 shares in the last quarter. River Road Asset Management LLC purchased a new stake in BellRing Brands in the 4th quarter valued at about $56,465,000. Finally, Wasatch Advisors LP grew its stake in 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 acquiring an additional 1,575,812 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $11.42 on Tuesday. The firm has a fifty day moving average price of $11.51 and a 200 day moving average price of $14.65. The stock has a market cap of $1.33 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 6.78 and a beta of 0.45. BellRing Brands Inc. has a 1 year low of $7.82 and a 1 year high of $43.02.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, equities analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current year.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the acquisition, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. TD Cowen increased their target price on shares of BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Stephens restated an “overweight” rating and issued a $20.00 price target on shares of BellRing Brands in a report on Thursday, July 9th. Sanford C. Bernstein lowered shares of BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Finally, Barclays upped their price target on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.82.

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.