Victory Capital Management Inc. Has $17.22 Million Position in BellRing Brands, Inc. (NYSE:BRBR)

Victory Capital Management Inc. decreased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 283,525 shares of the company's stock after selling 23,571 shares during the period. Victory Capital Management Inc. owned about 0.22% of BellRing Brands worth $17,216,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in BellRing Brands during the second quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake 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 valued at $41,000 after buying an additional 474 shares during the period. Quarry LP boosted 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 valued at $55,000 after buying an additional 378 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company's stock valued at $56,000 after buying an additional 615 shares during the period. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Evercore ISI raised their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday. Stifel Nicolaus raised their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday. Stephens restated an "equal weight" rating and set a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.93.

BellRing Brands Stock Performance

Shares of NYSE BRBR traded up $1.12 during trading on Wednesday, reaching $74.38. The company had a trading volume of 1,658,424 shares, compared to its average volume of 1,210,726. The stock has a market cap of $9.61 billion, a PE ratio of 44.54, a PEG ratio of 1.61 and a beta of 0.84. The business's 50 day moving average price is $64.89 and its 200-day moving average price is $59.07. BellRing Brands, Inc. has a 52 week low of $46.03 and a 52 week high of $75.44.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company had revenue of $555.80 million during the quarter, compared to analysts' expectations of $545.00 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business's quarterly revenue was up 17.6% compared to the same quarter last year. Equities analysts anticipate that BellRing Brands, Inc. will post 1.92 earnings per share for the current 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.