Cwm LLC Boosts Stake in BellRing Brands Inc. $BRBR

Cwm LLC grew its stake in BellRing Brands Inc. (NYSE:BRBR) by 2,681.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,287 shares of the company’s stock after acquiring an additional 85,113 shares during the quarter. Cwm LLC owned about 0.07% of BellRing Brands worth $3,209,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Holocene Advisors LP lifted its stake in shares of BellRing Brands by 50.7% during the 2nd quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock worth $227,572,000 after purchasing an additional 1,320,849 shares during the last quarter. Axiom Investors LLC DE raised its holdings in BellRing Brands by 418.1% in the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after purchasing an additional 1,814,811 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of BellRing Brands during the second quarter valued at about $124,777,000. Primecap Management Co. CA lifted its position in shares of BellRing Brands by 89.5% during the second 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 last quarter. Finally, Norges Bank bought a new stake in shares of BellRing Brands in the 2nd quarter valued at about $66,057,000. 94.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 value of $122,792.10. Following the sale, the insider directly owned 54,812 shares of the company’s stock, valued at $1,695,335.16. This represents a 6.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

BellRing Brands Price Performance

Shares of BRBR stock opened at $26.73 on Friday. The business has a fifty day moving average of $29.83 and a 200 day moving average of $39.73. BellRing Brands Inc. has a 1 year low of $22.45 and a 1 year high of $80.67. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $633.21 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on BRBR shares. Deutsche Bank Aktiengesellschaft set a $62.00 price objective on shares of BellRing Brands in a research note on Monday, December 15th. Barclays reduced their price target on BellRing Brands from $44.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. UBS Group reissued a “neutral” rating and issued a $34.00 price objective on shares of BellRing Brands in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BellRing Brands in a research report on Monday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $48.00 price target on shares of BellRing Brands in a report on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.00.

BellRing Brands Company 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.