SG Americas Securities LLC Grows Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

SG Americas Securities LLC increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 3,112.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 266,533 shares of the company’s stock after acquiring an additional 258,235 shares during the quarter. SG Americas Securities LLC’s holdings in BellRing Brands were worth $20,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRBR. Chartwell Investment Partners LLC raised its stake in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after acquiring an additional 181 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after purchasing an additional 242 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of BellRing Brands by 6.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,669 shares of the company’s stock valued at $352,000 after purchasing an additional 266 shares during the period. Finally, Quarry LP boosted its position in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Up 0.5 %

NYSE:BRBR opened at $76.23 on Thursday. The firm’s fifty day simple moving average is $75.44 and its 200-day simple moving average is $64.56. The stock has a market cap of $9.82 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRBR. Citigroup boosted their price objective on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Mizuho upped their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.67.

About BellRing Brands

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.