Wellington Management Group LLP Purchases 281,667 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Wellington Management Group LLP increased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,756,722 shares of the company's stock after buying an additional 281,667 shares during the quarter. Wellington Management Group LLP owned 2.13% of BellRing Brands worth $167,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of BellRing Brands during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its stake 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 purchasing an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands in the 3rd quarter worth about $44,000. Quarry LP increased its position in BellRing Brands by 65.3% in 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 last quarter. Finally, Fifth Third Bancorp raised its stake in shares of BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock worth $63,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Stock Down 1.6 %

BellRing Brands stock traded down $1.25 on Monday, hitting $76.69. The company's stock had a trading volume of 837,853 shares, compared to its average volume of 1,202,155. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $79.90. The firm has a market cap of $9.88 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The company has a fifty day moving average price of $69.15 and a 200-day moving average price of $60.69.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its 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 business had revenue of $555.80 million for the quarter, compared to analysts' expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Evercore ISI boosted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Mizuho raised their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Citigroup upped their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, Bank of America increased their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $75.60.

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.