Qsemble Capital Management LP Takes Position in BellRing Brands, Inc. (NYSE:BRBR)

Qsemble Capital Management LP acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,620 shares of the company's stock, valued at approximately $1,070,000.

A number of other hedge funds have also bought and sold shares of the business. BOKF NA lifted its holdings in shares of BellRing Brands by 229.2% during the 1st quarter. BOKF NA now owns 2,189 shares of the company's stock worth $130,000 after acquiring an additional 1,524 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in shares of BellRing Brands during the first quarter worth about $10,090,000. GAMMA Investing LLC lifted its holdings in BellRing Brands by 165.3% in the 2nd 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. First Hawaiian Bank increased its stake in shares of BellRing Brands by 129.9% during the second quarter. First Hawaiian Bank now owns 14,613 shares of the company's stock valued at $835,000 after buying an additional 8,256 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands during the second quarter valued at approximately $28,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BRBR shares. Stifel Nicolaus raised their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Citigroup raised their price target on BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Finally, Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price of $75.60.

BellRing Brands Trading Up 2.3 %

BellRing Brands stock opened at $78.79 on Wednesday. The firm has a market cap of $10.18 billion, a PE ratio of 42.13, a P/E/G ratio of 2.64 and a beta of 0.84. The stock's 50 day simple moving average is $66.39 and its two-hundred day simple moving average is $59.61. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month 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 for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. BellRing Brands's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current year.

About BellRing Brands

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.

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