Barclays PLC lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR – Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 129,368 shares of the company’s stock after selling 46,778 shares during the quarter. Barclays PLC owned 0.10% of BellRing Brands worth $7,854,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BRBR. Braun Stacey Associates Inc. bought a new position in BellRing Brands during the third quarter valued at $18,680,000. Dimensional Fund Advisors LP grew its holdings in BellRing Brands by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock valued at $138,482,000 after purchasing an additional 86,992 shares during the last quarter. WINTON GROUP Ltd raised its position in BellRing Brands by 186.5% in the 2nd quarter. WINTON GROUP Ltd now owns 44,642 shares of the company’s stock worth $2,551,000 after purchasing an additional 29,060 shares during the period. Federated Hermes Inc. lifted its stake in BellRing Brands by 28.0% in the second quarter. Federated Hermes Inc. now owns 474,168 shares of the company’s stock worth $27,094,000 after purchasing an additional 103,604 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of BellRing Brands by 41.2% during the second quarter. Natixis Advisors LLC now owns 100,886 shares of the company’s stock valued at $5,765,000 after buying an additional 29,413 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Stephens raised their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Truist Financial lifted their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Mizuho upped their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.60.
BellRing Brands Price Performance
Shares of NYSE BRBR opened at $77.24 on Wednesday. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90. The business has a fifty day moving average price of $71.38 and a 200 day moving average price of $61.64. The stock has a market capitalization of $9.95 billion, a P/E ratio of 41.30, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86.
BellRing Brands (NYSE:BRBR – Get Free Report) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, equities research analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.
BellRing Brands Profile
BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.
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