BellRing Brands Inc. $BRBR is AXQ Capital LP’s Largest Position

AXQ Capital LP lifted its position in BellRing Brands Inc. (NYSE:BRBR) by 258.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,756 shares of the company’s stock after purchasing an additional 85,632 shares during the quarter. BellRing Brands accounts for about 0.7% of AXQ Capital LP’s holdings, making the stock its largest holding. AXQ Capital LP’s holdings in BellRing Brands were worth $3,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in shares of BellRing Brands by 331.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock worth $35,733,000 after buying an additional 1,026,921 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of BellRing Brands by 1,954.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock valued at $7,514,000 after buying an additional 196,655 shares during the period. William Blair Investment Management LLC raised its holdings in BellRing Brands by 17.0% in the 3rd quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock worth $91,604,000 after purchasing an additional 366,121 shares during the period. E. Ohman J or Asset Management AB raised its holdings in BellRing Brands by 27.2% in the 4th quarter. E. Ohman J or Asset Management AB now owns 711,625 shares of the company’s stock worth $19,022,000 after purchasing an additional 151,990 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in BellRing Brands by 970.2% in the 3rd quarter. WINTON GROUP Ltd now owns 211,168 shares of the company’s stock worth $7,676,000 after purchasing an additional 191,437 shares during the period. Institutional investors own 94.97% of the company’s stock.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

BellRing Brands Trading Up 8.5%

BRBR stock opened at $9.07 on Tuesday. The firm has a 50-day moving average of $13.42 and a two-hundred day moving average of $20.56. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 4.10 and a beta of 0.56. BellRing Brands Inc. has a 12 month low of $8.10 and a 12 month high of $63.52.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. During the same quarter in the prior year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of recent analyst reports. DA Davidson decreased their price target on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 15th. UBS Group decreased their price target on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Jefferies Financial Group cut their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Stifel Nicolaus decreased their price objective on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Nine 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.47.

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.