388,319 BellRing Brands Inc. $BRBR Shares Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds increased its BellRing Brands stake by 55.8%, acquiring 388,319 additional shares to own 1.08 million shares, or 0.93% of the company. Institutional investors collectively hold 94.97% of the stock.
• BellRing Brands reported quarterly revenue of $570.4 million, up 4.2% year over year and above estimates, but earnings per share of $0.30 missed expectations of $0.37.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $18.70, while shares recently traded at $9.40 after rising 4.6%.

Counterpoint Mutual Funds LLC grew its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 55.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,084,423 shares of the company's stock after buying an additional 388,319 shares during the quarter. Counterpoint Mutual Funds LLC owned 0.93% of BellRing Brands worth $8,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in shares of BellRing Brands by 52.2% in the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company's stock worth $52,000 after purchasing an additional 1,109 shares during the last quarter. IFP Advisors Inc lifted its holdings in BellRing Brands by 279.4% in the second quarter. IFP Advisors Inc now owns 3,957 shares of the company's stock worth $51,000 after buying an additional 2,914 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of BellRing Brands by 67.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company's stock valued at $72,000 after purchasing an additional 1,809 shares during the period. Versant Capital Management Inc boosted its holdings in shares of BellRing Brands by 336.0% during the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company's stock valued at $36,000 after buying an additional 3,578 shares in the last quarter. Finally, Nykredit A S purchased a new position in BellRing Brands during the 2nd quarter valued at about $65,000. Institutional investors own 94.97% of the company's stock.

BellRing Brands Stock Up 4.6%

BellRing Brands stock opened at $9.40 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 4.40 and a beta of 0.43. BellRing Brands Inc. has a twelve month low of $7.33 and a twelve month high of $34.39. The company's 50-day moving average price is $9.42 and its 200-day moving average price is $11.26.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $548.72 million. During the same period in the prior year, the company posted $0.55 EPS. The company's revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of BellRing Brands in a report on Tuesday, October 6th. Zacks Research downgraded BellRing Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday. BNP Paribas Exane started coverage on shares of BellRing Brands in a research note on Friday, October 9th. They issued an "outperform" rating and a $12.00 price target for the company. Barclays lowered their price target on BellRing Brands from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Friday. Finally, UBS Group set a $9.50 target price on BellRing Brands in a report on Thursday. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, BellRing Brands has a consensus rating of "Hold" and an average price target of $18.70.

BellRing Brands Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing's principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.

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