SG Americas Securities LLC Grows Stake in BellRing Brands Inc. $BRBR

SG Americas Securities LLC raised its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 8,637.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 280,907 shares of the company’s stock after buying an additional 277,692 shares during the period. SG Americas Securities LLC’s holdings in BellRing Brands were worth $7,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in BellRing Brands by 331.4% during 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. Diversified Trust Co. increased its position in BellRing Brands by 13.8% during the 4th quarter. Diversified Trust Co. now owns 16,535 shares of the company’s stock valued at $442,000 after buying an additional 2,011 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in BellRing Brands by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 49,343 shares of the company’s stock valued at $1,319,000 after buying an additional 1,535 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in BellRing Brands in the fourth quarter valued at about $297,000. Finally, Wedmont Private Capital acquired a new stake in BellRing Brands in the fourth quarter worth about $256,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BRBR. Morgan Stanley set a $32.00 price target on BellRing Brands in a research note on Friday, January 16th. Bank of America lifted their target price on shares of BellRing Brands from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. William Blair reissued an “outperform” rating on shares of BellRing Brands in a research report on Tuesday, February 3rd. TD Cowen restated a “hold” rating on shares of BellRing Brands in a research note on Thursday, January 8th. Finally, Stifel Nicolaus decreased their price target on shares of BellRing Brands from $50.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average target price of $37.25.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 2,000 shares of BellRing Brands stock in a transaction on Friday, February 13th. The stock was bought at an average cost of $17.75 per share, with a total value of $35,500.00. Following the transaction, the director owned 7,391 shares of the company’s stock, valued at $131,190.25. This represents a 37.10% increase in their position. The transaction 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.

BellRing Brands Stock Performance

BellRing Brands stock opened at $16.15 on Tuesday. The business’s 50-day simple moving average is $19.45 and its two-hundred day simple moving average is $26.84. The company has a market cap of $1.89 billion, a PE ratio of 11.14, a PEG ratio of 3.03 and a beta of 0.69. 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 announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The firm had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $505.44 million. During the same period last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

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.