Savoir Faire Capital Management L.P. Acquires 57,879 Shares of BellRing Brands Inc. $BRBR

Savoir Faire Capital Management L.P. increased its stake in BellRing Brands Inc. (NYSE:BRBR) by 144.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,969 shares of the company’s stock after purchasing an additional 57,879 shares during the quarter. Savoir Faire Capital Management L.P. owned approximately 0.08% of BellRing Brands worth $3,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in shares of BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after buying an additional 419 shares in the last quarter. True Wealth Design LLC raised its stake in BellRing Brands by 4,110.3% during the 3rd quarter. True Wealth Design LLC now owns 1,221 shares of the company’s stock worth $44,000 after acquiring an additional 1,192 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in BellRing Brands during the second quarter valued at approximately $82,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of BellRing Brands by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after purchasing an additional 755 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BRBR. Jefferies Financial Group restated a “buy” rating and set a $48.00 price objective on shares of BellRing Brands in a research report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $31.00 price target on shares of BellRing Brands in a research note on Monday. UBS Group lowered their price objective on BellRing Brands from $34.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Mizuho cut their target price on BellRing Brands from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. decreased their target price on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.63.

Insider Transactions at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,970 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the sale, the insider owned 54,812 shares of the company’s stock, valued at $1,695,335.16. This represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

BellRing Brands Stock Down 1.0%

Shares of BellRing Brands stock opened at $27.63 on Monday. BellRing Brands Inc. has a twelve month low of $21.67 and a twelve month high of $80.67. The business has a 50-day moving average price of $28.32 and a 200-day moving average price of $35.63. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 3.83 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The firm had revenue of $648.20 million for the quarter, compared to the consensus estimate of $633.21 million. During the same period in the previous year, the company posted $0.51 earnings per share. BellRing Brands’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect 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.