Premier Fund Managers Ltd Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Premier Fund Managers Ltd acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,745 shares of the company's stock, valued at approximately $840,000.

Other hedge funds have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of BellRing Brands during the 3rd quarter worth approximately $2,697,000. Braun Stacey Associates Inc. bought a new stake in BellRing Brands during the third quarter worth $18,680,000. Quest Partners LLC boosted its position in BellRing Brands by 630.8% in the third quarter. Quest Partners LLC now owns 52,112 shares of the company's stock worth $3,164,000 after purchasing an additional 44,981 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in BellRing Brands by 12.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 94,667 shares of the company's stock valued at $5,749,000 after purchasing an additional 10,720 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of BellRing Brands by 0.6% during the 3rd quarter. Natixis Advisors LLC now owns 101,475 shares of the company's stock valued at $6,162,000 after purchasing an additional 589 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on BRBR shares. Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday. Barclays upped their price objective on BellRing Brands from $68.00 to $74.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Mizuho raised their target price on BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, DA Davidson restated a "neutral" rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BellRing Brands currently has an average rating of "Moderate Buy" and a consensus price target of $73.93.

BellRing Brands Price Performance

NYSE BRBR traded up $0.99 during trading on Wednesday, reaching $74.25. The company's stock had a trading volume of 707,118 shares, compared to its average volume of 1,206,498. The firm has a fifty day moving average of $64.56 and a 200 day moving average of $58.96. BellRing Brands, Inc. has a one year low of $46.03 and a one year high of $75.44. The stock has a market capitalization of $9.60 billion, a PE ratio of 44.45, a P/E/G ratio of 1.61 and a beta of 0.84.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm had revenue of $555.80 million for the quarter, compared to analysts' expectations of $545.00 million. During the same quarter last year, the company posted $0.41 EPS. The business's quarterly revenue was up 17.6% on a year-over-year basis. Research analysts expect that BellRing Brands, Inc. will post 1.92 earnings per share for the current fiscal year.

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.