Janus Henderson Group PLC Has $3.85 Million Stock Position in BellRing Brands Inc. $BRBR

Janus Henderson Group PLC cut its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 81.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,540 shares of the company’s stock after selling 1,035,587 shares during the period. Janus Henderson Group PLC owned approximately 0.21% of BellRing Brands worth $3,854,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Arkadios Wealth Advisors bought a new stake in BellRing Brands during the 1st quarter worth approximately $206,000. Amundi boosted its position in shares of BellRing Brands by 106.4% during the first quarter. Amundi now owns 2,255,734 shares of the company’s stock valued at $36,295,000 after buying an additional 1,162,996 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in BellRing Brands by 67.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company’s stock worth $72,000 after buying an additional 1,809 shares in the last quarter. California State Teachers Retirement System raised its position in BellRing Brands by 12.2% in the 1st quarter. California State Teachers Retirement System now owns 133,783 shares of the company’s stock valued at $2,153,000 after buying an additional 14,576 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in BellRing Brands by 110.1% during the 1st quarter. Quantinno Capital Management LP now owns 130,195 shares of the company’s stock valued at $2,095,000 after acquiring an additional 68,223 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BRBR. UBS Group upped their target price on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. TD Cowen boosted their target price on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.82.

BellRing Brands Stock Down 4.6%

BellRing Brands stock opened at $11.55 on Friday. The firm has a 50 day moving average price of $11.46 and a 200-day moving average price of $14.82. BellRing Brands Inc. has a twelve month low of $7.82 and a twelve month high of $43.02. The company has a market capitalization of $1.34 billion, a P/E ratio of 8.13, a P/E/G ratio of 6.79 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The firm had revenue of $570.40 million for the quarter, compared to the consensus estimate of $548.72 million. During the same period last year, the company posted $0.55 earnings per share. BellRing Brands’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts expect that BellRing Brands Inc. will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director owned 13,326 shares in the company, valued at $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

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.