BellRing Brands Inc. $BRBR Holdings Raised by Gabelli Funds LLC

Gabelli Funds LLC raised its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 13.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 620,225 shares of the company’s stock after buying an additional 73,700 shares during the period. Gabelli Funds LLC owned about 0.53% of BellRing Brands worth $9,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BRBR. State of Wyoming increased its stake in shares of BellRing Brands by 429.5% in the first quarter. State of Wyoming now owns 17,001 shares of the company’s stock worth $274,000 after acquiring an additional 13,790 shares during the last quarter. Cetera Investment Advisers boosted its position in BellRing Brands by 74.4% during the first quarter. Cetera Investment Advisers now owns 22,183 shares of the company’s stock valued at $357,000 after purchasing an additional 9,460 shares during the last quarter. First Trust Advisors LP boosted its position in BellRing Brands by 15.7% during the first quarter. First Trust Advisors LP now owns 109,343 shares of the company’s stock valued at $1,759,000 after purchasing an additional 14,814 shares during the last quarter. Parallel Advisors LLC grew its stake in BellRing Brands by 52.2% in the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock valued at $52,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in BellRing Brands by 7,817.7% in the first quarter. Fifth Third Bancorp now owns 93,112 shares of the company’s stock valued at $1,498,000 after purchasing an additional 91,936 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $9.23 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $12.99 on Monday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 10.07, a P/E/G ratio of 6.34 and a beta of 0.45. The business has a 50-day moving average of $10.67 and a two-hundred day moving average of $15.54. BellRing Brands Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $56.69.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, research analysts expect that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BRBR shares. JPMorgan Chase & Co. cut their price target on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. UBS Group boosted their price target on BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BellRing Brands currently has an average rating of “Hold” and an average price target of $20.70.

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.