SG Americas Securities LLC Has $9.76 Million Stock Holdings in BellRing Brands Inc. $BRBR

SG Americas Securities LLC boosted its position in BellRing Brands Inc. (NYSE:BRBR) by 115.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 606,604 shares of the company’s stock after acquiring an additional 325,697 shares during the quarter. SG Americas Securities LLC’s holdings in BellRing Brands were worth $9,760,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of BellRing Brands by 273.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,457 shares of the company’s stock valued at $146,000 after purchasing an additional 3,996 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of BellRing Brands during the 4th quarter worth $56,465,000. Pacer Advisors Inc. raised its holdings in shares of BellRing Brands by 57.8% during the 4th quarter. Pacer Advisors Inc. now owns 26,529 shares of the company’s stock worth $709,000 after buying an additional 9,719 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of BellRing Brands during the 4th quarter worth $1,195,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of BellRing Brands by 111.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 47,744 shares of the company’s stock worth $1,276,000 after buying an additional 25,140 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $35.00 to $11.00 in a report on Wednesday, May 6th. BTIG Research initiated coverage on shares of BellRing Brands in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. TD Cowen decreased their price target on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Finally, Barclays lowered their price objective on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Nine investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.47.

BellRing Brands Trading Up 1.4%

BellRing Brands stock opened at $11.54 on Friday. The stock has a 50-day moving average price of $11.01 and a two-hundred day moving average price of $17.96. BellRing Brands Inc. has a 12 month low of $7.82 and a 12 month high of $59.45. The company has a market capitalization of $1.34 billion, a PE ratio of 8.95, a P/E/G ratio of 5.67 and a beta of 0.56.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share 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 firm had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same quarter last year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling

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 purchased at an average cost of $9.23 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.