Clarkston Capital Partners LLC Sells 707,347 Shares of BellRing Brands Inc. $BRBR

Clarkston Capital Partners LLC lowered its position in shares of BellRing Brands Inc. (NYSE:BRBR) by 61.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 446,768 shares of the company’s stock after selling 707,347 shares during the quarter. Clarkston Capital Partners LLC’s holdings in BellRing Brands were worth $7,188,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of BellRing Brands during the third quarter worth $29,000. Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the period. IFP Advisors Inc lifted its holdings in BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after acquiring an additional 373 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 755 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Insider Buying and Selling

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the transaction, the director owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $12.88 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of 9.98, a P/E/G ratio of 6.28 and a beta of 0.45. The business’s 50 day simple moving average is $10.61 and its 200 day simple moving average is $15.62. BellRing Brands Inc. has a 52-week low of $7.82 and a 52-week high of $56.69.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the business earned $0.53 earnings per share. BellRing Brands’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that BellRing Brands Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. DA Davidson raised BellRing Brands to a “strong-buy” rating in a research note on Monday, July 6th. Stephens restated an “overweight” rating and set a $20.00 target price on shares of BellRing Brands in a report on Thursday, July 9th. Finally, Sanford C. Bernstein lowered shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price target for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.70.

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.