Artemis Investment Management LLP Sells 5,906 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Artemis Investment Management LLP trimmed its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743,102 shares of the company's stock after selling 5,906 shares during the quarter. Artemis Investment Management LLP owned about 0.58% of BellRing Brands worth $55,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in BellRing Brands during the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% in the third 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 acquired a new position in shares of BellRing Brands during the 3rd quarter worth about $44,000. Quarry LP boosted its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after purchasing an additional 378 shares during the period. Finally, Assetmark Inc. grew its holdings in BellRing Brands by 53.9% in the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the company's stock valued at $118,000 after buying an additional 682 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BRBR shares. Citigroup increased their price objective on BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Mizuho raised their price target 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. Jefferies Financial Group upped their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Barclays lifted their target price on BellRing Brands from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Evercore ISI upped their price target on BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price of $76.67.

BellRing Brands Trading Down 1.2 %

Shares of BellRing Brands stock traded down $0.86 during trading on Monday, reaching $72.37. The company's stock had a trading volume of 959,756 shares, compared to its average volume of 774,575. The stock has a 50-day moving average price of $75.34 and a two-hundred day moving average price of $64.36. The stock has a market capitalization of $9.32 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results 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. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. BellRing Brands's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, sell-side 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.