Quantbot Technologies LP Purchases Shares of 32,063 BellRing Brands, Inc. (NYSE:BRBR)

Quantbot Technologies LP bought a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 32,063 shares of the company's stock, valued at approximately $1,947,000.

A number of other large investors have also recently modified their holdings of BRBR. Braun Stacey Associates Inc. bought a new stake in BellRing Brands during the 3rd quarter valued at approximately $18,680,000. Dimensional Fund Advisors LP boosted its position in shares of BellRing Brands by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock valued at $138,482,000 after purchasing an additional 86,992 shares in the last quarter. WINTON GROUP Ltd grew its stake in BellRing Brands by 186.5% in the second quarter. WINTON GROUP Ltd now owns 44,642 shares of the company's stock worth $2,551,000 after purchasing an additional 29,060 shares during the period. Federated Hermes Inc. raised its holdings in BellRing Brands by 28.0% in the second quarter. Federated Hermes Inc. now owns 474,168 shares of the company's stock worth $27,094,000 after purchasing an additional 103,604 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in BellRing Brands by 72.3% in the second quarter. AQR Capital Management LLC now owns 532,359 shares of the company's stock worth $30,419,000 after purchasing an additional 223,430 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BRBR shares. Stifel Nicolaus lifted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lowered 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. Stephens upped their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday. Barclays lifted their price objective on BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group boosted their target price on 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $75.60.

BellRing Brands Stock Up 1.7 %

BRBR traded up $1.30 during midday trading on Friday, hitting $78.46. 416,559 shares of the company traded hands, compared to its average volume of 1,207,365. The company's 50-day moving average is $67.10 and its 200 day moving average is $59.85. The firm has a market capitalization of $10.10 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 2.59 and a beta of 0.84. 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 data 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. 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 for the quarter, compared to the consensus estimate of $545.00 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts predict that BellRing Brands, Inc. will post 2.16 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.