Healthcare of Ontario Pension Plan Trust Fund Increases Stake in BellRing Brands, Inc. (NYSE:BRBR)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 121.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,463 shares of the company's stock after purchasing an additional 12,311 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in BellRing Brands were worth $1,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP bought a new position in BellRing Brands in the 3rd quarter valued at about $1,947,000. Qsemble Capital Management LP acquired a new stake in shares of BellRing Brands in the third quarter worth $1,070,000. Hancock Whitney Corp acquired a new position in shares of BellRing Brands in the 3rd quarter valued at about $603,000. Truvestments Capital LLC acquired a new position in BellRing Brands in the 3rd quarter valued at approximately $44,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of BellRing Brands by 125.0% during the third quarter. Daiwa Securities Group Inc. now owns 8,100 shares of the company's stock worth $492,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

BRBR has been the subject of a number of analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Needham & Company LLC restated a "buy" rating and set a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Stifel Nicolaus boosted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Bank of America increased their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $75.60.

BellRing Brands Trading Down 1.1 %

Shares of BellRing Brands stock traded down $0.84 on Monday, hitting $77.62. 1,295,759 shares of the company traded hands, compared to its average volume of 1,207,761. The firm's 50-day simple moving average is $67.46 and its 200 day simple moving average is $59.99. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90. The company has a market cap of $10.00 billion, a P/E ratio of 41.51, a P/E/G ratio of 2.63 and a beta of 0.84.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, November 18th. The company reported $0.51 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 the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

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.