11,059 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by Banco Santander S.A.

Banco Santander S.A. acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,059 shares of the company’s stock, valued at approximately $672,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in BellRing Brands in the third quarter valued at $31,000. Farther Finance Advisors LLC boosted 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 purchasing an additional 474 shares in the last quarter. Quarry LP increased its holdings 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 purchasing an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of BellRing Brands by 165.3% in the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after purchasing an additional 615 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BRBR shares. Needham & Company LLC restated a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Mizuho boosted their target price on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday. Bank of America raised their price target on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday. Finally, Barclays raised their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Stock Up 2.8 %

Shares of NYSE:BRBR opened at $78.60 on Friday. The business has a fifty day simple moving average of $65.65 and a 200-day simple moving average of $59.34. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $78.68. The company has a market cap of $10.16 billion, a P/E ratio of 42.03, a P/E/G ratio of 1.63 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same quarter in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Sell-side analysts expect that BellRing Brands, Inc. will post 2.12 earnings per share for the current fiscal year.

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.