PYA Waltman Capital LLC Has $4.22 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

PYA Waltman Capital LLC cut its position in BellRing Brands, Inc. (NYSE:BRBR) by 29.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,132 shares of the company’s stock after selling 31,997 shares during the quarter. BellRing Brands accounts for about 1.8% of PYA Waltman Capital LLC’s portfolio, making the stock its 14th largest holding. PYA Waltman Capital LLC’s holdings in BellRing Brands were worth $4,220,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BRBR. Asset Management One Co. Ltd. lifted its stake in BellRing Brands by 41.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 9,451 shares of the company’s stock valued at $390,000 after purchasing an additional 2,746 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in BellRing Brands during the 3rd quarter worth approximately $221,000. Bank of New York Mellon Corp grew its holdings in BellRing Brands by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,931 shares of the company’s stock worth $57,018,000 after acquiring an additional 51,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BellRing Brands by 19.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,101 shares of the company’s stock valued at $870,000 after acquiring an additional 3,442 shares during the period. Finally, Strs Ohio increased its position in BellRing Brands by 14.1% in the 3rd quarter. Strs Ohio now owns 16,200 shares of the company’s stock valued at $667,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Activity

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total value of $57,810.00. Following the sale, the director now owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

BellRing Brands Stock Performance

Shares of BellRing Brands stock traded down $0.02 on Wednesday, hitting $55.15. The company had a trading volume of 116,519 shares, compared to its average volume of 1,192,903. BellRing Brands, Inc. has a 1 year low of $34.58 and a 1 year high of $62.76. The stock has a 50 day moving average of $57.68 and a 200-day moving average of $53.94. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 2.13 and a beta of 0.83.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The business had revenue of $430.40 million during the quarter, compared to the consensus estimate of $407.91 million. Equities analysts anticipate that BellRing Brands, Inc. will post 1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BRBR. Stephens reaffirmed an “equal weight” rating and set a $51.00 target price on shares of BellRing Brands in a research report on Tuesday, February 6th. Barclays boosted their target price on shares of BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Truist Financial downgraded BellRing Brands from a “buy” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, January 3rd. Needham & Company LLC boosted their price target on BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Morgan Stanley raised their price objective on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $58.92.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.