WINTON GROUP Ltd Purchases 191,437 Shares of BellRing Brands Inc. $BRBR

WINTON GROUP Ltd raised its position in shares of BellRing Brands Inc. (NYSE:BRBR) by 970.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,168 shares of the company’s stock after purchasing an additional 191,437 shares during the quarter. WINTON GROUP Ltd owned 0.17% of BellRing Brands worth $7,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BRBR. Holocene Advisors LP boosted its holdings in shares of BellRing Brands by 50.7% in the second quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock worth $227,572,000 after buying an additional 1,320,849 shares during the last quarter. Champlain Investment Partners LLC bought a new position in BellRing Brands in the third quarter worth approximately $46,481,000. Norges Bank purchased a new position in shares of BellRing Brands during the 2nd quarter worth $66,057,000. Qube Research & Technologies Ltd grew its position 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 valued at $65,021,000 after acquiring an additional 748,990 shares during the period. Finally, Primecap Management Co. CA grew its position in shares of BellRing Brands by 89.5% during the 2nd quarter. Primecap Management Co. CA now owns 1,145,218 shares of the company’s stock valued at $66,342,000 after acquiring an additional 540,818 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings cut BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of BellRing Brands in a report on Thursday, February 5th. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. UBS Group set a $23.00 price objective on BellRing Brands in a research report on Wednesday, February 4th. Finally, William Blair reiterated an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Twelve equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

BellRing Brands Stock Performance

BRBR opened at $17.40 on Monday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 3.42 and a beta of 0.69. The firm’s fifty day moving average is $22.00 and its 200 day moving average is $29.42. BellRing Brands Inc. has a fifty-two week low of $16.65 and a fifty-two week high of $79.57.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $537.30 million during the quarter, compared to analyst estimates of $505.44 million. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.BellRing Brands’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. On average, equities research 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.