Retirement Systems of Alabama lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,336 shares of the company's stock after selling 31,552 shares during the period. Retirement Systems of Alabama owned approximately 0.17% of BellRing Brands worth $13,318,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BRBR. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the third quarter valued at about $31,000. Farther Finance Advisors LLC lifted its position in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the 3rd quarter worth approximately $44,000. Quarry LP raised its stake in shares of 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. Finally, Fifth Third Bancorp lifted its holdings in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock valued at $63,000 after purchasing an additional 374 shares in the last quarter. 94.97% of the stock is owned by institutional investors.
BellRing Brands Stock Performance
NYSE BRBR traded down $0.10 on Monday, hitting $77.90. The stock had a trading volume of 1,018,773 shares, compared to its average volume of 1,196,325. The firm has a 50-day moving average of $70.76 and a 200-day moving average of $61.36. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $79.90. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86.
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 (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 the consensus estimate of $545.00 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm's revenue was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently commented on BRBR. Mizuho increased their price target on BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Barclays increased their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, DA Davidson reiterated a "neutral" rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, BellRing Brands currently has an average rating of "Moderate Buy" and a consensus price target of $75.60.
Read Our Latest Report on BellRing Brands
About BellRing Brands
(
Free Report)
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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