Franklin Resources Inc. Boosts Position in BellRing Brands, Inc. (NYSE:BRBR)

Franklin Resources Inc. raised its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,480,717 shares of the company's stock after buying an additional 380,216 shares during the quarter. Franklin Resources Inc. owned about 3.47% of BellRing Brands worth $285,646,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BRBR. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after purchasing an additional 474 shares in the last quarter. Truvestments Capital LLC purchased a new stake in BellRing Brands during the 3rd quarter worth approximately $44,000. Quarry LP increased its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after purchasing an additional 378 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock worth $63,000 after buying an additional 374 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BRBR shares. Citigroup upped their target price on BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, November 14th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. 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 report on Monday, November 25th. Finally, Stifel Nicolaus raised their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $75.60.

BellRing Brands Trading Up 0.0 %

BRBR traded up $0.01 on Friday, hitting $78.00. 765,061 shares of the company's stock were exchanged, compared to its average volume of 1,197,062. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 2.59 and a beta of 0.86. The firm has a 50-day moving average price of $70.76 and a 200-day moving average price of $61.34.

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

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.