William Blair Investment Management LLC Grows Holdings in BellRing Brands Inc. $BRBR

William Blair Investment Management LLC grew its position in shares of BellRing Brands Inc. (NYSE:BRBR) by 17.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,520,053 shares of the company’s stock after purchasing an additional 366,121 shares during the quarter. William Blair Investment Management LLC’s holdings in BellRing Brands were worth $91,604,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BRBR. Holocene Advisors LP raised its holdings in BellRing Brands by 50.7% in the 2nd quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock valued at $227,572,000 after acquiring an additional 1,320,849 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in BellRing Brands by 1.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,329,359 shares of the company’s stock worth $48,322,000 after buying an additional 23,428 shares during the last quarter. Primecap Management Co. CA grew its holdings in BellRing Brands by 89.5% in the 2nd quarter. Primecap Management Co. CA now owns 1,145,218 shares of the company’s stock valued at $66,342,000 after buying an additional 540,818 shares during the period. Norges Bank acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $66,057,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of BellRing Brands by 200.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,122,398 shares of the company’s stock worth $65,021,000 after acquiring an additional 748,990 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Cowen restated a “hold” rating on shares of BellRing Brands in a report on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating and set a $48.00 price objective on shares of BellRing Brands in a report on Wednesday, November 19th. Morgan Stanley set a $32.00 target price on BellRing Brands in a research report on Friday, January 16th. Weiss Ratings cut BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Finally, UBS Group set a $23.00 price target on BellRing Brands in a research note on Wednesday, February 4th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and an average price target of $38.88.

BellRing Brands Trading Down 2.4%

NYSE:BRBR opened at $18.39 on Monday. The firm’s fifty day simple moving average is $23.24 and its 200 day simple moving average is $30.18. BellRing Brands Inc. has a twelve month low of $17.09 and a twelve month high of $79.57. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.62 and a beta of 0.69.

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 negative return on equity of 64.79% and a net margin of 7.88%.The company had revenue of $537.30 million for the quarter, compared to analyst estimates of $505.44 million. During the same period last year, the company posted $0.58 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that BellRing Brands Inc. will post 2.23 earnings per share 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.