Stephens Investment Management Group LLC Reduces Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Stephens Investment Management Group LLC trimmed its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,564,625 shares of the company's stock after selling 80,168 shares during the period. BellRing Brands comprises approximately 1.3% of Stephens Investment Management Group LLC's portfolio, making the stock its 17th largest position. Stephens Investment Management Group LLC owned about 1.20% of BellRing Brands worth $95,004,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands during the second quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands during the third quarter worth about $31,000. 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 purchasing an additional 378 shares during the period. GAMMA Investing LLC boosted its holdings in shares of BellRing Brands by 165.3% during the second quarter. GAMMA Investing LLC now owns 987 shares of the company's stock worth $56,000 after purchasing an additional 615 shares during the period. Finally, Fifth Third Bancorp boosted its holdings 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 purchasing an additional 374 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded up $0.86 during trading on Friday, reaching $66.69. 878,162 shares of the stock traded hands, compared to its average volume of 1,217,919. The stock has a 50-day moving average of $60.88 and a two-hundred day moving average of $57.56. BellRing Brands, Inc. has a 52-week low of $44.22 and a 52-week high of $67.53. The stock has a market cap of $8.62 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 1.56 and a beta of 0.85.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BRBR shares. Truist Financial increased their target price on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Evercore ISI increased their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Barclays increased their price target on shares of BellRing Brands from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a research note on Wednesday, August 7th. Finally, Stephens reissued an "equal weight" rating and issued a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.71.

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.