Sei Investments Co. Has $1.08 Million Stock Position in BellRing Brands Inc. $BRBR

Sei Investments Co. lowered its position in shares of BellRing Brands Inc. (NYSE:BRBR) by 62.6% in the first quarter, HoldingsChannel reports. The fund owned 67,147 shares of the company’s stock after selling 112,408 shares during the period. Sei Investments Co.’s holdings in BellRing Brands were worth $1,080,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Danske Bank A S bought a new position in BellRing Brands in the third quarter valued at about $29,000. Larson Financial Group LLC increased its position in 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 purchasing an additional 524 shares during the period. IFP Advisors Inc raised its holdings in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after purchasing an additional 573 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after purchasing an additional 373 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after purchasing an additional 755 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BRBR shares. TD Cowen raised their target price on shares of BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Stephens reissued an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research note on Thursday, July 9th. DA Davidson increased their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. UBS Group raised their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays raised their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.82.

BellRing Brands Stock Performance

Shares of BRBR opened at $10.89 on Thursday. The firm has a market cap of $1.27 billion, a P/E ratio of 7.67, a PEG ratio of 6.77 and a beta of 0.45. BellRing Brands Inc. has a twelve month low of $7.82 and a twelve month high of $43.02. The firm’s 50 day moving average price is $11.60 and its two-hundred day moving average price is $14.41.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data 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 company had revenue of $570.40 million for the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 1.03 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.