Stephens Investment Management Group LLC Sells 80,168 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Stephens Investment Management Group LLC cut its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,564,625 shares of the company’s stock after selling 80,168 shares during the quarter. BellRing Brands comprises 1.3% of Stephens Investment Management Group LLC’s holdings, making the stock its 17th largest position. Stephens Investment Management Group LLC owned 1.20% of BellRing Brands worth $95,004,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. lifted its holdings in shares of BellRing Brands by 135.2% during the second 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. Vanguard Group Inc. increased its position in shares of BellRing Brands by 5.3% during the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after purchasing an additional 698,121 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of BellRing Brands by 665.2% during the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after purchasing an additional 545,371 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new stake in shares of BellRing Brands during the third quarter worth approximately $30,753,000. Finally, Point72 Asset Management L.P. increased its position in shares of BellRing Brands by 23.3% during the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock worth $121,775,000 after purchasing an additional 402,666 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Down 1.5 %

BRBR stock opened at $65.83 on Friday. The company has a market capitalization of $8.51 billion, a PE ratio of 39.42, a P/E/G ratio of 1.56 and a beta of 0.85. BellRing Brands, Inc. has a 12-month low of $43.32 and a 12-month high of $67.12. The business’s fifty day moving average price is $60.88 and its 200 day moving average price is $57.56.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Evercore ISI boosted their price objective on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stephens reissued an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Truist Financial boosted their price objective on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Bank of America upped their price target on BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.71.

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.