106,383 Shares in BellRing Brands Inc. $BRBR Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in shares of BellRing Brands Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 106,383 shares of the company’s stock, valued at approximately $2,971,000. Fideuram Asset Management Ireland dac owned about 0.09% of BellRing Brands at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wasatch Advisors LP boosted its holdings in BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after purchasing an additional 1,575,812 shares during the last quarter. Capital Research Global Investors acquired a new position in BellRing Brands during the third quarter worth $172,312,000. AQR Capital Management LLC boosted its holdings in BellRing Brands by 253.9% during the third quarter. AQR Capital Management LLC now owns 3,748,812 shares of the company’s stock worth $136,269,000 after purchasing an additional 2,689,664 shares during the last quarter. Wellington Management Group LLP boosted its holdings in BellRing Brands by 0.5% during the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after purchasing an additional 19,471 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in BellRing Brands during the third quarter worth $98,944,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BRBR stock opened at $8.62 on Friday. BellRing Brands Inc. has a one year low of $8.40 and a one year high of $63.52. The company has a fifty day moving average price of $13.77 and a two-hundred day moving average price of $20.83. The stock has a market cap of $1.00 billion, a P/E ratio of 6.68, a P/E/G ratio of 4.22 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Barclays reduced their target price on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price target for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.47.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of BellRing Brands stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the purchase, the director owned 13,326 shares of the company’s stock, valued at $122,998.98. The trade was a 42.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.