6,925 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,925 shares of the company's stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in BellRing Brands during the second quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after purchasing an additional 474 shares during the last quarter. Truvestments Capital LLC purchased a new position in BellRing Brands in the 3rd quarter worth $44,000. Finally, Quarry LP lifted its stake in BellRing Brands by 65.3% in 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 last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

BRBR stock traded down $0.73 during midday trading on Tuesday, hitting $76.90. The stock had a trading volume of 1,126,178 shares, compared to its average volume of 1,064,041. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 2.60 and a beta of 0.86. The business has a 50-day moving average of $68.12 and a two-hundred day moving average of $60.27. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. During the same period last year, the business earned $0.41 EPS. BellRing Brands's quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRBR has been the topic of several analyst reports. Citigroup lifted their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Mizuho raised their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Stifel Nicolaus upped their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Stephens increased their price target on shares of BellRing Brands from $61.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $75.60.

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.