UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 668,361 shares of the company's stock after selling 16,341 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.52% of BellRing Brands worth $40,583,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in BellRing Brands by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock valued at $138,482,000 after buying an additional 86,992 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of BellRing Brands by 23.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company's stock valued at $121,775,000 after acquiring an additional 402,666 shares during the period. Driehaus Capital Management LLC raised its position in BellRing Brands by 4.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,064,167 shares of the company's stock valued at $117,947,000 after purchasing an additional 91,149 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company's stock worth $84,221,000 after purchasing an additional 847,161 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in BellRing Brands by 35.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company's stock worth $76,949,000 after purchasing an additional 333,287 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Barclays lifted their target price on BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped 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. Finally, DA Davidson reiterated a "neutral" rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.60.

BellRing Brands Price Performance

NYSE:BRBR traded up $0.35 during trading hours on Wednesday, reaching $77.21. 492,873 shares of the company traded hands, compared to its average volume of 1,204,115. The firm's 50-day moving average is $68.12 and its 200-day moving average is $60.27. The stock has a market cap of $9.94 billion, a P/E ratio of 41.12, a P/E/G ratio of 2.60 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 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to analysts' expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. As a group, research analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share 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.