BellRing Brands, Inc. (NYSE:BRBR) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 3,112.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 266,533 shares of the company's stock after buying an additional 258,235 shares during the period. SG Americas Securities LLC owned about 0.21% of BellRing Brands worth $20,081,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC bought a new position in BellRing Brands in the third quarter worth about $31,000. Farther Finance Advisors LLC raised its position in shares of BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after purchasing an additional 474 shares during the period. UMB Bank n.a. lifted its holdings in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after purchasing an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $44,000. Finally, Quarry LP boosted its position in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after purchasing an additional 378 shares during the period. Institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

BRBR has been the topic of several analyst reports. Barclays increased their target price on BellRing Brands from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Bank of America lifted their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Mizuho boosted their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. DA Davidson restated a "neutral" rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group boosted their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $76.67.

BellRing Brands Price Performance

Shares of BellRing Brands stock traded up $0.54 during trading on Thursday, hitting $76.77. The stock had a trading volume of 969,298 shares, compared to its average volume of 1,055,250. The business has a fifty day moving average of $75.53 and a two-hundred day moving average of $64.64. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90. The firm has a market cap of $9.89 billion, a P/E ratio of 41.06, a PEG ratio of 2.56 and a beta of 0.86.

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 company had revenue of $555.80 million during the quarter, compared to the consensus estimate 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 revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. As a group, research analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share 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.