11,059 Shares in BellRing Brands, Inc. (NYSE:BRBR) Bought by Banco Santander S.A.

Banco Santander S.A. acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 11,059 shares of the company's stock, valued at approximately $672,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Chartwell Investment Partners LLC increased its position in shares of BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company's stock valued at $1,393,000 after buying an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company's stock worth $540,000 after purchasing an additional 242 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company's stock worth $828,000 after purchasing an additional 263 shares in the last quarter. Bessemer Group Inc. grew its position 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 valued at $440,000 after purchasing an additional 276 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock valued at $63,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent analyst reports. Stephens restated an "equal weight" rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Citigroup boosted their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday. Jefferies Financial Group raised their target price 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. Stifel Nicolaus boosted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus target price of $74.27.

BellRing Brands Stock Up 2.8 %

Shares of NYSE BRBR traded up $2.11 during midday trading on Friday, reaching $78.60. The company had a trading volume of 1,343,033 shares, compared to its average volume of 1,020,131. The firm's fifty day moving average price is $65.65 and its 200-day moving average price is $59.34. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $78.68. The stock has a market cap of $10.16 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 2.56 and a beta of 0.84.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $555.80 million for the quarter, compared to analysts' expectations of $545.00 million. During the same quarter last year, the business earned $0.41 earnings per share. The business's revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts expect that BellRing Brands, Inc. will post 2.17 EPS for the current 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.