Pallas Capital Advisors LLC Increases Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Pallas Capital Advisors LLC boosted its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 152.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,775 shares of the company's stock after buying an additional 10,117 shares during the quarter. Pallas Capital Advisors LLC's holdings in BellRing Brands were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Holocene Advisors LP bought a new stake in BellRing Brands during the 3rd quarter valued at $69,998,000. D. E. Shaw & Co. Inc. grew its position in shares of BellRing Brands by 135.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company's stock valued at $84,221,000 after purchasing an additional 847,161 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company's stock valued at $35,847,000 after purchasing an additional 545,371 shares during the period. E. Ohman J or Asset Management AB purchased a new stake in BellRing Brands during the 3rd quarter worth about $30,753,000. Finally, Champlain Investment Partners LLC bought a new position in BellRing Brands in the 3rd quarter worth about $30,699,000. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Performance

BRBR traded up $1.13 during midday trading on Tuesday, hitting $72.70. The stock had a trading volume of 1,102,129 shares, compared to its average volume of 1,132,741. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The business has a fifty day moving average of $75.12 and a 200 day moving average of $64.06. The company has a market cap of $9.36 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $555.80 million during the quarter, compared to analysts' expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm's revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities research analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America upped their price target on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Jefferies Financial Group upped their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. TD Cowen upped their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus increased their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and an average target price of $76.67.

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.