Cinctive Capital Management LP Makes New $3.23 Million Investment in BellRing Brands, Inc. (NYSE:BRBR)

Cinctive Capital Management LP purchased a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,165 shares of the company's stock, valued at approximately $3,228,000.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands in the second quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of BellRing Brands in the third quarter worth $31,000. Farther Finance Advisors LLC grew its position in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after purchasing an additional 474 shares during the period. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the 3rd quarter valued at about $44,000. Finally, Quarry LP boosted its position in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after purchasing an additional 378 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on BellRing Brands from $74.00 to $79.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Evercore ISI raised their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Citigroup raised their price objective on BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Mizuho lifted their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and an average price target of $75.60.

BellRing Brands Stock Down 0.5 %

NYSE BRBR traded down $0.42 during trading on Tuesday, reaching $77.20. 266,357 shares of the stock traded hands, compared to its average volume of 1,203,663. The stock's 50-day moving average price is $67.46 and its 200 day moving average price is $59.99. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. BellRing Brands's quarterly revenue was up 17.6% on a year-over-year basis. Analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

About BellRing Brands

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.