Motley Fool Wealth Management LLC Acquires Shares of 168,992 BellRing Brands, Inc. (NYSE:BRBR)

Motley Fool Wealth Management LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 168,992 shares of the company's stock, valued at approximately $10,261,000. Motley Fool Wealth Management LLC owned approximately 0.13% of BellRing Brands as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Braun Stacey Associates Inc. bought a new stake in shares of BellRing Brands in the 3rd quarter valued at $18,680,000. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. WINTON GROUP Ltd increased its stake 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 in the last quarter. Federated Hermes Inc. increased its stake in BellRing Brands by 28.0% during the 2nd quarter. Federated Hermes Inc. now owns 474,168 shares of the company's stock valued at $27,094,000 after purchasing an additional 103,604 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in BellRing Brands by 72.3% during the 2nd quarter. AQR Capital Management LLC now owns 532,359 shares of the company's stock valued at $30,419,000 after purchasing an additional 223,430 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on BRBR. Barclays boosted their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. 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 research note on Wednesday, November 20th. Mizuho lifted their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.60.

BellRing Brands Trading Up 0.1 %

Shares of NYSE:BRBR traded up $0.08 during midday trading on Wednesday, reaching $76.94. The company had a trading volume of 423,484 shares, compared to its average volume of 1,203,916. The company's 50 day moving average price is $68.12 and its 200 day moving average price is $60.27. The stock has a market cap of $9.91 billion, a P/E ratio of 41.12, a P/E/G ratio of 2.60 and a beta of 0.86. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week 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. The business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Research analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal 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.