M&T Bank Corp Makes New $8.05 Million Investment in BellRing Brands Inc. $BRBR

Key Points

• M&T Bank Corp bought a new position of 301,044 shares in BellRing Brands valued at approximately $8.05 million, representing about 0.25% of the company.
• Analysts maintain a consensus rating of Moderate Buy with a $33.88 average target despite recent price‑target cuts, while the stock trades around $16 and has a 52‑week range of $14.19–$79.57.
• BellRing beat Q4 estimates with EPS $0.37 versus $0.31 and revenue $537.3M versus $505.4M, but showed only 0.8% year‑over‑year revenue growth and a negative return on equity (−64.8%).

M&T Bank Corp bought a new position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 301,044 shares of the company's stock, valued at approximately $8,047,000. M&T Bank Corp owned approximately 0.25% of BellRing Brands as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company's stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S purchased a new stake in shares of BellRing Brands during the 3rd quarter worth $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of BellRing Brands during the 3rd quarter worth $35,000. IFP Advisors Inc boosted its position in shares of BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company's stock worth $38,000 after purchasing an additional 573 shares in the last quarter. Finally, CI Investments Inc. boosted its position in shares of BellRing Brands by 439.1% during the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company's stock worth $42,000 after purchasing an additional 944 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BRBR shares. DA Davidson restated a "buy" rating and set a $32.00 target price on shares of BellRing Brands in a research report on Wednesday, February 4th. TD Cowen reaffirmed a "hold" rating on shares of BellRing Brands in a research note on Monday. Jefferies Financial Group cut their price target on BellRing Brands from $38.00 to $28.00 and set a "buy" rating for the company in a research note on Monday, March 16th. Stifel Nicolaus cut their price target on BellRing Brands from $50.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, February 4th. Finally, Bank of America cut their price target on BellRing Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price of $33.88.

BellRing Brands Stock Down 0.8%

NYSE:BRBR opened at $16.17 on Friday. The company has a market capitalization of $1.90 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 5.28 and a beta of 0.73. BellRing Brands Inc. has a 52-week low of $14.19 and a 52-week high of $79.57. The stock has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $24.29.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $537.30 million during the quarter, compared to the consensus estimate of $505.44 million. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The business's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, equities analysts anticipate that BellRing Brands Inc. will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David Isaiah Finkelstein bought 2,000 shares of BellRing Brands stock in a transaction on Friday, February 13th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the acquisition, the director owned 7,391 shares in the company, valued at approximately $131,190.25. This trade represents a 37.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company's stock.

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.

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