Sei Investments Co. Sells 112,408 Shares of BellRing Brands Inc. $BRBR

Sei Investments Co. cut its position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 62.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,147 shares of the company's stock after selling 112,408 shares during the quarter. Sei Investments Co. owned 0.06% of BellRing Brands worth $1,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRBR. Danske Bank A S acquired a new stake in shares of BellRing Brands during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC increased its position in shares of BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company's stock valued at $25,000 after purchasing an additional 524 shares during the period. IFP Advisors Inc raised its stake in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company's stock valued at $38,000 after purchasing an additional 573 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company's stock valued at $72,000 after purchasing an additional 373 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of BellRing Brands by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company's stock valued at $92,000 after purchasing an additional 755 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Down 5.7%

Shares of NYSE BRBR opened at $10.89 on Thursday. BellRing Brands Inc. has a 12-month low of $7.82 and a 12-month high of $43.02. The firm's 50-day simple moving average is $11.60 and its 200 day simple moving average is $14.41. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 6.77 and a beta of 0.45.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted 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 company had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the previous year, the business posted $0.55 EPS. The company's revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BRBR. DA Davidson lifted their price target on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of BellRing Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Barclays raised their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. UBS Group lifted their target price on shares of BellRing Brands from $12.00 to $13.50 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Finally, TD Cowen upped their target price on shares of BellRing Brands from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Nine research 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.82.

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.

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