Sanctuary Advisors LLC Takes $439,000 Position in BellRing Brands, Inc. (NYSE:BRBR)

Sanctuary Advisors LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,228 shares of the company's stock, valued at approximately $439,000.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after acquiring an additional 474 shares during the period. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the 3rd quarter worth $44,000. Quarry LP grew its stake in shares of BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after purchasing an additional 378 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of BellRing Brands by 53.9% in the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the company's stock valued at $118,000 after purchasing an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on BRBR shares. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. DA Davidson restated a "neutral" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Citigroup lifted their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. 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, Deutsche Bank Aktiengesellschaft lifted 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, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.60.

BellRing Brands Stock Performance

NYSE BRBR traded down $0.74 during mid-day trading on Friday, reaching $76.04. 434,374 shares of the stock were exchanged, compared to its average volume of 1,186,871. The business's fifty day simple moving average is $73.32 and its 200 day simple moving average is $62.55. The stock has a market capitalization of $9.79 billion, a PE ratio of 40.66, a PEG ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $555.80 million for the quarter, compared to analysts' expectations of $545.00 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business's revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current year.

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.