PYA Waltman Capital LLC Has $4.72 Million Stake in BellRing Brands, Inc. (NYSE:BRBR)

PYA Waltman Capital LLC increased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBRGet Rating) by 453,906.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 204,303 shares of the company’s stock after acquiring an additional 204,258 shares during the period. BellRing Brands accounts for approximately 2.3% of PYA Waltman Capital LLC’s portfolio, making the stock its 15th biggest position. PYA Waltman Capital LLC’s holdings in BellRing Brands were worth $4,715,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BRBR. Allspring Global Investments Holdings LLC acquired a new stake in BellRing Brands in the fourth quarter valued at $103,000. Dupont Capital Management Corp acquired a new stake in shares of BellRing Brands during the 4th quarter worth about $343,000. Virginia Retirement Systems ET AL lifted its stake in shares of BellRing Brands by 24.8% during the 4th quarter. Virginia Retirement Systems ET AL now owns 44,300 shares of the company’s stock worth $1,264,000 after buying an additional 8,800 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of BellRing Brands by 21.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 24,215 shares of the company’s stock worth $691,000 after buying an additional 4,296 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in BellRing Brands by 39.3% during the fourth quarter. Victory Capital Management Inc. now owns 16,331 shares of the company’s stock worth $466,000 after acquiring an additional 4,610 shares during the period.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of recent research reports. Citigroup initiated coverage on shares of BellRing Brands in a research report on Monday, May 9th. They set a “buy” rating on the stock. Morgan Stanley decreased their target price on shares of BellRing Brands from $32.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday, April 26th. Finally, Mizuho decreased their target price on shares of BellRing Brands from $33.00 to $30.00 in a report on Tuesday, May 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average target price of $31.14.

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. bought 2,000 shares of BellRing Brands stock in a transaction on Thursday, May 12th. The shares were purchased at an average cost of $23.67 per share, with a total value of $47,340.00. Following the acquisition, the director now directly owns 19,551 shares of the company’s stock, valued at approximately $462,772.17. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

BellRing Brands Trading Down 1.4 %

Shares of BellRing Brands stock opened at $24.96 on Friday. The firm has a market capitalization of $3.40 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. The firm’s 50 day moving average is $24.63 and its 200 day moving average is $24.55. BellRing Brands, Inc. has a 1 year low of $20.36 and a 1 year high of $34.19.

BellRing Brands (NYSE:BRBRGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. BellRing Brands had a net margin of 4.38% and a negative return on equity of 3.60%. The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $386.67 million. During the same period in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that BellRing Brands, Inc. will post 1.15 earnings per share for the current year.

About BellRing Brands

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BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

Further Reading

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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