Harbor Capital Advisors Inc. Purchases 37,685 Shares of BellRing Brands Inc. $BRBR

Harbor Capital Advisors Inc. raised its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 106.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,102 shares of the company’s stock after acquiring an additional 37,685 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in BellRing Brands were worth $1,954,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after acquiring an additional 419 shares during the period. Danske Bank A S purchased a new stake in shares of BellRing Brands during the third quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in BellRing Brands during the 3rd quarter valued at approximately $35,000. IFP Advisors Inc raised its stake in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the period. Finally, CI Investments Inc. lifted its holdings in BellRing Brands by 439.1% in the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after purchasing an additional 944 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the acquisition, the director owned 7,391 shares in the company, valued at approximately $131,190.25. The trade was a 37.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

BellRing Brands Stock Performance

Shares of BRBR opened at $16.60 on Friday. The stock has a market capitalization of $1.95 billion, a PE ratio of 11.45, a P/E/G ratio of 3.28 and a beta of 0.73. The company’s fifty day moving average is $18.54 and its 200 day moving average is $26.33. BellRing Brands Inc. has a fifty-two week low of $14.43 and a fifty-two week high of $79.57.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The business had revenue of $537.30 million during the quarter, compared to analyst estimates of $505.44 million. During the same quarter last year, the business earned $0.58 earnings per share. BellRing Brands’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on BRBR shares. DA Davidson restated a “buy” rating and issued a $32.00 price target on shares of BellRing Brands in a research note on Wednesday, February 4th. UBS Group set a $23.00 price objective on shares of BellRing Brands in a research report on Wednesday, February 4th. Jefferies Financial Group lowered their target price on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 16th. TD Cowen restated a “hold” rating on shares of BellRing Brands in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 target price on shares of BellRing Brands in a research note on Monday, January 26th. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.25.

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.