BellRing Brands, Inc. (NYSE:BRBR) Stake Boosted by M&G Plc

M&G Plc increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,181 shares of the company’s stock after acquiring an additional 17,383 shares during the period. M&G Plc owned about 0.12% of BellRing Brands worth $8,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of BellRing Brands by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after purchasing an additional 276 shares during the last quarter. Spire Wealth Management increased its position in BellRing Brands by 40.0% during the fourth quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after buying an additional 300 shares during the last quarter. Parallel Advisors LLC raised its holdings in BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in BellRing Brands during the second quarter valued at about $28,000. Finally, Rise Advisors LLC acquired a new stake in shares of BellRing Brands in the first quarter worth about $32,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Down 1.0 %

Shares of NYSE:BRBR opened at $53.69 on Wednesday. The business’s 50 day moving average is $54.76 and its 200-day moving average is $56.72. The firm has a market capitalization of $7.00 billion, a PE ratio of 37.28, a PEG ratio of 1.50 and a beta of 0.84. BellRing Brands, Inc. has a 1-year low of $37.03 and a 1-year high of $62.76.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The firm had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts predict that BellRing Brands, Inc. will post 1.8 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on BRBR shares. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays boosted their target price on shares of BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. lowered their price target on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus boosted their price objective on BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price of $62.64.

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.