Eagle Asset Management Inc. Has $12.21 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Eagle Asset Management Inc. lessened its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 37.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,090 shares of the company's stock after selling 117,903 shares during the period. Eagle Asset Management Inc. owned about 0.16% of BellRing Brands worth $12,210,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its holdings in shares of BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company's stock worth $84,221,000 after acquiring an additional 847,161 shares during the period. Squarepoint Ops LLC increased its position in BellRing Brands by 665.2% during the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company's stock worth $35,847,000 after purchasing an additional 545,371 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new position in BellRing Brands during the third quarter worth approximately $30,753,000. Point72 Asset Management L.P. boosted its holdings in shares of BellRing Brands by 23.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company's stock valued at $121,775,000 after purchasing an additional 402,666 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of BellRing Brands by 47.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,223,040 shares of the company's stock valued at $69,885,000 after buying an additional 393,262 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BRBR. Citigroup lifted their target price on BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Stephens restated an "equal weight" rating and issued a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Bank of America boosted their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, DA Davidson reissued a "neutral" rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.27.

BellRing Brands Price Performance

NYSE:BRBR traded up $2.11 during midday trading on Friday, reaching $78.60. 1,343,033 shares of the company traded hands, compared to its average volume of 1,020,131. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 2.56 and a beta of 0.84. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $78.68. The company has a fifty day moving average price of $65.65 and a 200 day moving average price of $59.34.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating 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 company earned $0.41 EPS. BellRing Brands's quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.17 earnings per share for the current fiscal year.

BellRing Brands Company 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.