Argent Capital Management LLC Lowers Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Argent Capital Management LLC decreased its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 96.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,313 shares of the company's stock after selling 718,632 shares during the quarter. Argent Capital Management LLC's holdings in BellRing Brands were worth $1,598,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BRBR. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the 3rd quarter valued at approximately $31,000. Quarry LP boosted its position in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after buying an additional 378 shares during the period. GAMMA Investing LLC grew its stake in shares of BellRing Brands by 165.3% in the second quarter. GAMMA Investing LLC now owns 987 shares of the company's stock worth $56,000 after acquiring an additional 615 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock worth $63,000 after acquiring an additional 374 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 0.3 %

Shares of BellRing Brands stock traded down $0.18 on Thursday, hitting $65.07. The stock had a trading volume of 564,992 shares, compared to its average volume of 1,229,169. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 1.48 and a beta of 0.85. BellRing Brands, Inc. has a 52-week low of $42.71 and a 52-week high of $67.12. The company's 50 day moving average price is $59.65 and its 200 day moving average price is $57.18.

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 for the quarter, beating analysts' consensus estimates of $0.44 by $0.10. The company 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 firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts predict that BellRing Brands, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Truist Financial boosted their price objective on BellRing Brands from $50.00 to $60.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Stephens reaffirmed an "equal weight" rating and issued a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of BellRing Brands from $67.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Finally, Needham & Company LLC restated a "buy" rating and issued a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $65.71.

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.