Premier Fund Managers Ltd Purchases New Shares in BellRing Brands, Inc. (NYSE:BRBR)

Premier Fund Managers Ltd acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,745 shares of the company’s stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BRBR. D. E. Shaw & Co. Inc. lifted its holdings in shares of BellRing Brands by 135.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after acquiring an additional 847,161 shares during the last quarter. Vanguard Group Inc. raised its position in BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after purchasing an additional 698,121 shares during the period. Squarepoint Ops LLC lifted its stake in BellRing Brands by 665.2% in the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after purchasing an additional 545,371 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new position in shares of BellRing Brands during the third quarter valued at approximately $30,753,000. Finally, Point72 Asset Management L.P. grew its stake in shares of BellRing Brands by 23.3% during the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock valued at $121,775,000 after buying an additional 402,666 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America boosted their target price on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. decreased their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial upped their target price on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.33.

BellRing Brands Stock Down 0.2 %

NYSE BRBR opened at $73.28 on Wednesday. BellRing Brands, Inc. has a 52 week low of $44.37 and a 52 week high of $74.00. The company has a 50 day moving average price of $64.56 and a 200 day moving average price of $58.96. The firm has a market cap of $9.47 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business’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. On average, equities research analysts anticipate that BellRing Brands, Inc. will post 1.92 earnings per share for the current fiscal year.

BellRing Brands Company 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.