F M Investments LLC Cuts Position in BellRing Brands, Inc. (NYSE:BRBR)

F M Investments LLC cut its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 37.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,846 shares of the company's stock after selling 83,633 shares during the quarter. F M Investments LLC owned about 0.11% of BellRing Brands worth $8,491,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BRBR. Vanguard Group Inc. grew its stake in BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company's stock worth $825,172,000 after buying an additional 698,121 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BellRing Brands by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock worth $138,482,000 after acquiring an additional 86,992 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of BellRing Brands by 23.3% in the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company's stock worth $121,775,000 after buying an additional 402,666 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in BellRing Brands by 4.6% during the second quarter. Driehaus Capital Management LLC now owns 2,064,167 shares of the company's stock valued at $117,947,000 after purchasing an additional 91,149 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of BellRing Brands by 135.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company's stock worth $84,221,000 after buying an additional 847,161 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Price Performance

Shares of BRBR traded up $0.86 during mid-day trading on Friday, reaching $66.69. The company had a trading volume of 878,162 shares, compared to its average volume of 1,217,919. The company has a market capitalization of $8.62 billion, a P/E ratio of 39.93, a P/E/G ratio of 1.56 and a beta of 0.84. BellRing Brands, Inc. has a twelve month low of $44.22 and a twelve month high of $67.53. The company's 50-day moving average is $61.10 and its 200-day moving average is $57.66.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results 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. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The firm had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. During the same quarter last year, the business posted $0.34 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts expect that BellRing Brands, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI boosted their price objective on shares of BellRing Brands from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Needham & Company LLC reiterated a "buy" rating and issued a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their target price on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Stephens restated an "equal weight" rating and issued a $55.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Barclays raised their price objective on BellRing Brands from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, 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.