Merit Financial Group LLC Buys 21,409 Shares of BellRing Brands Inc. $BRBR

Merit Financial Group LLC raised its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 199.0% in the third quarter, Holdings Channel reports. The fund owned 32,169 shares of the company’s stock after acquiring an additional 21,409 shares during the period. Merit Financial Group LLC’s holdings in BellRing Brands were worth $1,169,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BRBR. Maseco LLP bought a new position in BellRing Brands during the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC raised its position in BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in BellRing Brands by 42.6% in the second 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 in the last quarter. McIlrath & Eck LLC boosted its stake in BellRing Brands by 13.6% in the first quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock worth $105,000 after purchasing an additional 169 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of BellRing Brands during the second quarter worth $82,000. Institutional investors own 94.97% of the company’s stock.

Insider Transactions at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,970 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,695,335.16. The trade was a 6.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Barclays dropped their price objective on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Sanford C. Bernstein began coverage on BellRing Brands in a research report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price objective on the stock. DA Davidson set a $38.00 target price on BellRing Brands in a research note on Thursday, November 20th. Finally, Morgan Stanley cut their price target on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

BellRing Brands Stock Performance

BRBR opened at $23.87 on Tuesday. The company has a fifty day moving average price of $29.53 and a two-hundred day moving average price of $38.91. The firm has a market capitalization of $2.86 billion, a PE ratio of 14.21, a P/E/G ratio of 3.49 and a beta of 0.65. BellRing Brands Inc. has a 52 week low of $22.45 and a 52 week high of $80.67.

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