BellRing Brands Inc. $BRBR Stock Position Boosted by Isthmus Partners LLC

Key Points

• Isthmus Partners more than doubled its BellRing Brands stake to 284,751 shares, worth approximately $2.19 million. Institutional investors and hedge funds collectively own 94.97% of BRBR.
• BellRing reported quarterly revenue of $570.4 million, exceeding estimates, but adjusted earnings of $0.30 per share missed the $0.37 consensus. Revenue rose 4.2% year over year, while net margin stood at 7.28%.
• BRBR opened at $9.71, well below its 52-week high of $33.81. Analyst views are mixed, resulting in a consensus “Hold” rating and an average price target of $18.70.

Isthmus Partners LLC increased its holdings in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 108.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,751 shares of the company's stock after purchasing an additional 148,182 shares during the period. Isthmus Partners LLC owned approximately 0.24% of BellRing Brands worth $2,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in BellRing Brands during the 2nd quarter worth approximately $42,868,000. Amundi lifted its stake in BellRing Brands by 106.4% in 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 in the last quarter. Assenagon Asset Management S.A. lifted its stake in BellRing Brands by 0.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,342,471 shares of the company's stock valued at $21,600,000 after buying an additional 5,671 shares in the last quarter. Bank of America Corp DE lifted its stake in BellRing Brands by 25.0% in the first quarter. Bank of America Corp DE now owns 1,248,761 shares of the company's stock valued at $20,093,000 after buying an additional 250,144 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its stake in BellRing Brands by 55.8% in the third quarter. Counterpoint Mutual Funds LLC now owns 1,084,423 shares of the company's stock valued at $8,339,000 after buying an additional 388,319 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

NYSE:BRBR opened at $9.71 on Friday. The company has a market cap of $1.13 billion, a PE ratio of 6.92, a PEG ratio of 4.26 and a beta of 0.43. BellRing Brands Inc. has a 52-week low of $7.33 and a 52-week high of $33.81. The stock has a 50-day simple moving average of $9.28 and a 200 day simple moving average of $11.04.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. On average, research analysts predict that BellRing Brands Inc. will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BRBR has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of BellRing Brands from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Stephens restated an "overweight" rating and set a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of BellRing Brands in a research report on Tuesday, October 6th. Zacks Research cut shares of BellRing Brands from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.70.

BellRing Brands Profile

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.

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