BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA lessened its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,748 shares of the company’s stock after selling 760 shares during the quarter. Everett Harris & Co. CA’s holdings in BellRing Brands were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in BellRing Brands during the second quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the 3rd quarter worth approximately $31,000. Quarry LP raised its position in shares of BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the last quarter. GAMMA Investing LLC grew its holdings in BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after buying an additional 615 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after acquiring an additional 374 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of recent research reports. Stephens restated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Barclays lifted their target price on shares of BellRing Brands from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Bank of America increased their price target on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average price target of $65.36.

BellRing Brands Stock Up 0.2 %

BRBR stock opened at $65.75 on Friday. The business has a fifty day simple moving average of $58.96 and a 200-day simple moving average of $57.02. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 1.48 and a beta of 0.85. BellRing Brands, Inc. has a 52 week low of $42.54 and a 52 week high of $67.12.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company had revenue of $515.40 million during the quarter, compared to analyst estimates of $504.73 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, analysts expect that BellRing Brands, Inc. will post 1.9 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.