Jacobs Levy Equity Management Inc. Has $2.59 Million Stake in BellRing Brands, Inc. (NYSE:BRBR)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,638 shares of the company's stock after selling 11,134 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in BellRing Brands were worth $2,589,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of BellRing Brands during the 2nd quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after acquiring an additional 474 shares during the period. Truvestments Capital LLC acquired a new stake in BellRing Brands during the third quarter worth approximately $44,000. Finally, Quarry LP boosted its holdings in shares of BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after acquiring an additional 378 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Stock Performance

Shares of NYSE BRBR traded down $0.80 during trading hours on Friday, hitting $77.94. 699,217 shares of the stock were exchanged, compared to its average volume of 1,118,605. The company's fifty day simple moving average is $69.15 and its two-hundred day simple moving average is $60.69. The company 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 1-year low of $48.06 and a 1-year high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share 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 firm had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. During the same quarter last year, the business posted $0.41 EPS. The company's revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BRBR shares. 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 research note on Wednesday, November 20th. Citigroup increased their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Stephens raised their price target 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $75.60.

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.