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Encompass More Asset Management Acquires Shares of 7,287 BellRing Brands, Inc. (NYSE:BRBR)

BellRing Brands logo with Medical background

Encompass More Asset Management purchased a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,287 shares of the company's stock, valued at approximately $549,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Holocene Advisors LP acquired a new position in shares of BellRing Brands in the 3rd quarter worth $69,998,000. D. E. Shaw & Co. Inc. boosted its position in shares of BellRing Brands by 135.2% in the 2nd 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 during the period. Assenagon Asset Management S.A. increased its stake in BellRing Brands by 200.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company's stock worth $74,781,000 after purchasing an additional 661,774 shares in the last quarter. Squarepoint Ops LLC raised its holdings in BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company's stock worth $35,847,000 after buying an additional 545,371 shares during the period. Finally, E. Ohman J or Asset Management AB purchased a new stake in BellRing Brands during the third quarter valued at about $30,753,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRBR has been the topic of several analyst reports. Stephens lifted their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Barclays increased their target price on BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, DA Davidson restated a "neutral" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.67.

Read Our Latest Report on BRBR

BellRing Brands Stock Down 1.1 %

Shares of NYSE:BRBR traded down $0.84 on Friday, reaching $75.98. The company had a trading volume of 872,469 shares, compared to its average volume of 1,043,053. The stock has a market capitalization of $9.79 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.57 and a beta of 0.86. The stock has a 50-day moving average price of $75.61 and a 200 day moving average price of $64.73. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $555.80 million during the quarter, compared to analysts' expectations of $545.00 million. During the same period in the previous year, the company earned $0.41 earnings per share. BellRing Brands's revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

BellRing Brands Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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