CW Advisors LLC Invests $2.10 Million in BellRing Brands Inc. $BRBR

CW Advisors LLC purchased a new position in shares of BellRing Brands Inc. (NYSE:BRBR) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 36,322 shares of the company’s stock, valued at approximately $2,104,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC lifted its position in BellRing Brands by 132.6% during the 2nd quarter. Blueshift Asset Management LLC now owns 12,330 shares of the company’s stock worth $714,000 after acquiring an additional 7,030 shares during the period. Claret Asset Management Corp increased its holdings in shares of BellRing Brands by 31.3% in the second quarter. Claret Asset Management Corp now owns 3,973 shares of the company’s stock valued at $230,000 after purchasing an additional 946 shares during the period. Panagora Asset Management Inc. raised its stake in shares of BellRing Brands by 198.3% during the second quarter. Panagora Asset Management Inc. now owns 422,549 shares of the company’s stock worth $24,478,000 after purchasing an additional 280,886 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in shares of BellRing Brands by 92.3% during the second quarter. Grandeur Peak Global Advisors LLC now owns 36,320 shares of the company’s stock worth $2,104,000 after purchasing an additional 17,436 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of BellRing Brands by 0.6% during the second quarter. New York State Common Retirement Fund now owns 70,210 shares of the company’s stock worth $4,067,000 after purchasing an additional 397 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insiders Place Their Bets

In related news, insider Douglas J. Cornille sold 3,970 shares of BellRing Brands stock in a transaction on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the transaction, the insider directly owned 54,812 shares of the company’s stock, valued at approximately $1,695,335.16. The trade was a 6.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on BRBR shares. Mizuho dropped their price objective on shares of BellRing Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Stifel Nicolaus lowered their target price on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. UBS Group reiterated a “neutral” rating and set a $34.00 price target on shares of BellRing Brands in a research note on Friday, November 28th. Bank of America restated a “neutral” rating and issued a $28.00 price objective (down previously from $50.00) on shares of BellRing Brands in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. lowered their price objective on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.53.

BellRing Brands Stock Down 0.7%

Shares of NYSE BRBR opened at $31.13 on Friday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.17 and a beta of 0.67. BellRing Brands Inc. has a 52 week low of $22.45 and a 52 week high of $80.67. The firm has a 50-day moving average price of $31.58 and a 200 day moving average price of $43.75.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The company had revenue of $648.20 million for the quarter, compared to analyst estimates of $633.21 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has authorized a stock buyback plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.