Point72 DIFC Ltd Lowers Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Point72 DIFC Ltd lessened its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,542 shares of the company's stock after selling 8,186 shares during the quarter. Point72 DIFC Ltd's holdings in BellRing Brands were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Chartwell Investment Partners LLC increased its holdings in BellRing Brands by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company's stock worth $1,393,000 after buying an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company's stock worth $540,000 after buying an additional 242 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company's stock worth $828,000 after buying an additional 263 shares in the last quarter. Fifth Third Bancorp increased its holdings in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock worth $63,000 after buying an additional 374 shares in the last quarter. Finally, Quarry LP increased its holdings in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after buying an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR traded up $1.45 during mid-day trading on Thursday, reaching $78.74. 916,932 shares of the company traded hands, compared to its average volume of 1,205,845. The company's 50 day moving average price is $68.81 and its 200-day moving average price is $60.51. The firm has a market cap of $10.14 billion, a PE ratio of 42.10, a PEG ratio of 2.58 and a beta of 0.86. 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 posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analysts' expectations of $545.00 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm's revenue was up 17.6% compared to the same quarter last year. On average, research analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on BRBR. Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Stephens boosted their price target on BellRing Brands from $61.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, November 25th. Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their price target on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price target on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, BellRing Brands presently has a consensus rating of "Moderate Buy" and an average target price of $75.60.

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.