WINTON GROUP Ltd Buys 29,060 Shares of BellRing Brands, Inc. (NYSE:BRBR)

WINTON GROUP Ltd grew its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 186.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,642 shares of the company’s stock after acquiring an additional 29,060 shares during the quarter. WINTON GROUP Ltd’s holdings in BellRing Brands were worth $2,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hanseatic Management Services Inc. increased its holdings in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after acquiring an additional 263 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of BellRing Brands by 3.8% during the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after buying an additional 276 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after buying an additional 374 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands during the second quarter valued at $28,000. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Down 0.4 %

BRBR stock opened at $58.45 on Friday. BellRing Brands, Inc. has a twelve month low of $39.90 and a twelve month high of $62.76. The stock has a market cap of $7.62 billion, a P/E ratio of 40.59, a PEG ratio of 1.51 and a beta of 0.85. The business’s 50-day moving average price is $54.12 and its 200-day moving average price is $56.62.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The firm had revenue of $515.40 million for the quarter, compared to analysts’ expectations of $504.73 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. On average, equities research analysts expect that BellRing Brands, Inc. will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BRBR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.64.

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.