Wedmont Private Capital Acquires New Holdings in BellRing Brands Inc. $BRBR

Wedmont Private Capital bought a new stake in BellRing Brands Inc. (NYSE:BRBR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 127,656 shares of the company’s stock, valued at approximately $1,593,000. Wedmont Private Capital owned about 0.11% of BellRing Brands at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares in the last quarter. Danske Bank A S bought a new position in shares of BellRing Brands during the 3rd quarter worth approximately $29,000. IFP Advisors Inc raised its stake in shares of 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 acquiring an additional 573 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock valued at $50,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in BellRing Brands by 52.2% during the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock valued at $52,000 after acquiring an additional 1,109 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Up 0.4%

BRBR stock opened at $10.43 on Tuesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 6.09 and a beta of 0.43. BellRing Brands Inc. has a 52 week low of $7.82 and a 52 week high of $43.02. The firm has a 50 day moving average of $11.90 and a 200 day moving average of $13.04.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The company had revenue of $570.40 million for 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 company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. On average, equities research analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BRBR shares. Stifel Nicolaus raised their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. TD Cowen raised their price objective on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. Nine 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.82.

BellRing Brands 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.