US Bancorp DE Sells 43,470 Shares of BellRing Brands, Inc. (NYSE:BRBR)

US Bancorp DE reduced its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 39.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,283 shares of the company's stock after selling 43,470 shares during the quarter. US Bancorp DE owned approximately 0.05% of BellRing Brands worth $4,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in BellRing Brands in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the third quarter worth approximately $31,000. Quarry LP boosted its position 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 buying an additional 378 shares during the period. GAMMA Investing LLC boosted its position 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 buying an additional 615 shares during the period. Finally, Fifth Third Bancorp boosted 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 buying an additional 374 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Trading Up 0.0 %

NYSE:BRBR traded up $0.02 during trading hours on Tuesday, hitting $67.54. 629,178 shares of the stock traded hands, compared to its average volume of 1,212,849. The firm has a 50 day moving average price of $61.32 and a 200 day moving average price of $57.78. BellRing Brands, Inc. has a fifty-two week low of $44.37 and a fifty-two week high of $67.56. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 1.56 and a beta of 0.84.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its 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 net margin of 11.55% and a negative return on equity of 88.30%. The company had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. During the same period in the previous year, the business earned $0.34 EPS. The company's revenue was up 15.6% on a year-over-year basis. Research analysts predict that BellRing Brands, Inc. will post 1.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BRBR. Barclays boosted 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. Stephens reissued an "equal weight" rating and set a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Bank of America boosted their target price on BellRing Brands from $67.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Evercore ISI boosted their target price on BellRing Brands from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reissued a "buy" rating and set a $66.00 target price 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 assigned a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price 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.