SG Americas Securities LLC Buys 277,692 Shares of BellRing Brands Inc. $BRBR

Key Points

• SG Americas Securities LLC dramatically increased its stake in BellRing, buying an additional 277,692 shares (an 8,637.4% increase) to own 280,907 shares—about 0.23% of the company—worth roughly $7.51 million at quarter-end.
• Director David Isaiah Finkelstein bought 2,000 shares at $17.75 on Feb 13, boosting his ownership by 37.1% to 7,391 shares (about $131,190).
• BellRing beat Q results with EPS of $0.37 vs. $0.31 estimates and revenue of $537.3M; the stock trades near $16.15 with a $1.89B market cap and a consensus analyst rating of Moderate Buy (average target $37.25).

SG Americas Securities LLC lifted its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 8,637.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 280,907 shares of the company's stock after acquiring an additional 277,692 shares during the quarter. SG Americas Securities LLC owned approximately 0.23% of BellRing Brands worth $7,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BRBR. Northwestern Mutual Wealth Management Co. grew its stake in BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company's stock worth $72,000 after purchasing an additional 373 shares in the last quarter. New York State Common Retirement Fund raised its position in BellRing Brands by 0.6% during the 2nd quarter. New York State Common Retirement Fund now owns 70,210 shares of the company's stock valued at $4,067,000 after purchasing an additional 397 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company's stock worth $27,000 after buying an additional 419 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company's stock worth $3,434,000 after buying an additional 456 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of BellRing Brands by 9.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company's stock worth $308,000 after buying an additional 467 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Insider Activity at BellRing Brands

In other news, Director David Isaiah Finkelstein purchased 2,000 shares of the stock in a transaction dated Friday, February 13th. The shares were acquired 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 of the company's stock, valued at approximately $131,190.25. This represents a 37.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

BellRing Brands Trading Up 5.2%

BRBR opened at $16.15 on Tuesday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 3.03 and a beta of 0.69. BellRing Brands Inc. has a 12 month low of $14.43 and a 12 month high of $79.57. The stock has a fifty day moving average price of $19.45 and a 200-day moving average price of $26.84.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The company had revenue of $537.30 million for the quarter, compared to the consensus estimate of $505.44 million. During the same quarter last year, the company earned $0.58 earnings per share. The firm's revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRBR. UBS Group set a $23.00 price objective on BellRing Brands in a report on Wednesday, February 4th. DA Davidson reiterated a "buy" rating and set a $32.00 target price on shares of BellRing Brands in a report on Wednesday, February 4th. TD Cowen reissued a "hold" rating on shares of BellRing Brands in a research report on Thursday, January 8th. Jefferies Financial Group reduced their price target on shares of BellRing Brands from $38.00 to $28.00 and set a "buy" rating for the company in a report on Monday, March 16th. Finally, Bank of America upped their price target on shares of BellRing Brands from $28.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.25.

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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