Y Intercept Hong Kong Ltd Reduces Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Y Intercept Hong Kong Ltd cut its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 48.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,670 shares of the company's stock after selling 53,703 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in BellRing Brands were worth $3,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BRBR. V Square Quantitative Management LLC acquired a new stake in BellRing Brands during the third quarter worth approximately $31,000. Farther Finance Advisors LLC grew 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 buying an additional 474 shares during the period. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the 3rd quarter valued at $44,000. Quarry LP increased its stake in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after acquiring an additional 378 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position 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 valued at $63,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BRBR shares. Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their target price on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Citigroup increased their price target on BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Mizuho boosted their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $75.60.

BellRing Brands Price Performance

Shares of BellRing Brands stock traded down $1.25 during trading hours on Monday, hitting $76.69. 837,853 shares of the company's stock traded hands, compared to its average volume of 1,202,155. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 2.61 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90. The company has a fifty day simple moving average of $69.15 and a 200-day simple moving average of $60.69.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company's revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal 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.