Pacer Advisors Inc. Has $2.43 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Pacer Advisors Inc. grew its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,248 shares of the company's stock after acquiring an additional 3,535 shares during the period. Pacer Advisors Inc.'s holdings in BellRing Brands were worth $2,430,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Holocene Advisors LP acquired a new position in BellRing Brands during the third quarter worth approximately $69,998,000. Assenagon Asset Management S.A. increased its holdings in shares of BellRing Brands by 200.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company's stock worth $74,781,000 after acquiring an additional 661,774 shares during the last quarter. E. Ohman J or Asset Management AB bought a new stake in BellRing Brands in the 3rd quarter valued at $30,753,000. Champlain Investment Partners LLC acquired a new stake in BellRing Brands during the 3rd quarter valued at $30,699,000. Finally, Wasatch Advisors LP boosted its position in BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after purchasing an additional 494,669 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BRBR. Jefferies Financial Group increased their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Bank of America raised their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their target price on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Barclays lifted their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Truist Financial upped their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.53.

BellRing Brands Trading Down 4.1 %

NYSE BRBR traded down $3.19 on Tuesday, hitting $75.06. 3,756,518 shares of the company's stock were exchanged, compared to its average volume of 1,233,360. The stock has a 50-day moving average of $76.03 and a 200-day moving average of $66.06. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 2.61 and a beta of 0.86. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. As a group, analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

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.