Pacer Advisors Inc. Purchases 3,535 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Pacer Advisors Inc. boosted its position in BellRing Brands, Inc. (NYSE:BRBR) by 12.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 32,248 shares of the company’s stock after buying an additional 3,535 shares during the quarter. Pacer Advisors Inc.’s holdings in BellRing Brands were worth $2,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRBR. KBC Group NV boosted its stake in shares of BellRing Brands by 27.2% in the 4th quarter. KBC Group NV now owns 4,559 shares of the company’s stock valued at $343,000 after purchasing an additional 976 shares during the last quarter. Blue Trust Inc. boosted its stake in BellRing Brands by 274.7% in the fourth quarter. Blue Trust Inc. now owns 1,510 shares of the company’s stock valued at $114,000 after acquiring an additional 1,107 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the fourth quarter valued at approximately $52,000. Andina Capital Management LLC grew its holdings in BellRing Brands by 10.7% during the 4th quarter. Andina Capital Management LLC now owns 8,260 shares of the company’s stock worth $622,000 after acquiring an additional 801 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after acquiring an additional 153 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Price Performance

NYSE BRBR opened at $77.36 on Friday. The business’s fifty day moving average is $76.03 and its 200-day moving average is $65.50. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 2.64 and a beta of 0.86. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BRBR. Barclays lifted their price objective on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Stephens increased their price target on shares of BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Evercore ISI boosted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.13.

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.