BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Barclays PLC

Barclays PLC decreased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,368 shares of the company's stock after selling 46,778 shares during the period. Barclays PLC owned 0.10% of BellRing Brands worth $7,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in BellRing Brands in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after buying an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of BellRing Brands in the third quarter valued at approximately $44,000. Quarry LP raised 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 valued at $55,000 after buying an additional 378 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock valued at $63,000 after buying an additional 374 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Down 2.3 %

Shares of BellRing Brands stock traded down $1.76 during trading hours on Wednesday, hitting $75.48. The company's stock had a trading volume of 945,915 shares, compared to its average volume of 1,194,276. The business has a fifty day moving average of $71.38 and a 200 day moving average of $61.64. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90. The company has a market capitalization of $9.72 billion, a PE ratio of 40.36, a P/E/G ratio of 2.59 and a beta of 0.86.

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

Analyst Ratings Changes

Several research analysts have weighed in on BRBR shares. Deutsche Bank Aktiengesellschaft boosted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Stephens upped their target price on BellRing Brands from $61.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, November 25th. Jefferies Financial Group increased their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Mizuho lifted their price target on BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, DA Davidson reiterated a "neutral" rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.60.

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.