BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Fmr LLC

FMR LLC lessened its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,220 shares of the company's stock after selling 13,900 shares during the period. FMR LLC owned 0.88% of BellRing Brands worth $68,870,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Braun Stacey Associates Inc. purchased a new position in BellRing Brands during the 3rd quarter valued at about $18,680,000. Dimensional Fund Advisors LP increased its position in BellRing Brands by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock valued at $138,482,000 after purchasing an additional 86,992 shares during the period. WINTON GROUP Ltd increased its position in BellRing Brands by 186.5% during the 2nd quarter. WINTON GROUP Ltd now owns 44,642 shares of the company's stock valued at $2,551,000 after purchasing an additional 29,060 shares during the period. Federated Hermes Inc. boosted its holdings in shares of BellRing Brands by 28.0% in the 2nd quarter. Federated Hermes Inc. now owns 474,168 shares of the company's stock valued at $27,094,000 after buying an additional 103,604 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of BellRing Brands by 72.3% in the 2nd quarter. AQR Capital Management LLC now owns 532,359 shares of the company's stock valued at $30,419,000 after buying an additional 223,430 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Trading Down 1.0 %

Shares of BRBR stock traded down $0.80 during trading hours on Friday, hitting $77.94. The company's stock had a trading volume of 699,217 shares, compared to its average volume of 1,118,605. The company has a 50 day moving average of $68.81 and a 200 day moving average of $60.51. The stock has a market cap of $10.04 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. During the same period in the prior year, the firm earned $0.41 EPS. The business's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BRBR has been the topic of a number of recent analyst reports. Evercore ISI raised their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, November 20th. Citigroup raised their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Stephens raised their price target on shares of BellRing Brands from $61.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus target price of $75.60.

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.