BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Algert Global LLC

Algert Global LLC lifted its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 12.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 283,916 shares of the company's stock after purchasing an additional 30,449 shares during the period. BellRing Brands comprises 0.5% of Algert Global LLC's holdings, making the stock its 2nd biggest position. Algert Global LLC owned 0.22% of BellRing Brands worth $16,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in BellRing Brands by 1,007.4% in the first quarter. SG Americas Securities LLC now owns 68,349 shares of the company's stock worth $4,035,000 after purchasing an additional 62,177 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of BellRing Brands by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company's stock worth $736,151,000 after acquiring an additional 155,252 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in BellRing Brands during the fourth quarter valued at approximately $3,331,000. Artemis Investment Management LLP boosted its stake in BellRing Brands by 13.7% in the first quarter. Artemis Investment Management LLP now owns 774,815 shares of the company's stock valued at $45,720,000 after acquiring an additional 93,505 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in BellRing Brands in the first quarter worth $1,021,000. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price target on BellRing Brands from $67.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Stephens restated an "equal weight" rating and set a $55.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus price target of $62.64.

BellRing Brands Stock Up 0.4 %

Shares of NYSE:BRBR traded up $0.26 during midday trading on Friday, reaching $61.11. The company's stock had a trading volume of 585,805 shares, compared to its average volume of 1,273,136. The stock has a fifty day moving average of $55.43 and a 200 day moving average of $56.66. BellRing Brands, Inc. has a twelve month low of $39.90 and a twelve month high of $62.76. The firm has a market capitalization of $7.97 billion, a PE ratio of 42.44, a P/E/G ratio of 1.58 and a beta of 0.85.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $515.40 million during the quarter, compared to analysts' expectations of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Sell-side analysts anticipate that BellRing Brands, Inc. will post 1.9 earnings per share for the current fiscal year.

BellRing Brands Company 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.