BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by F M Investments LLC

F M Investments LLC cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 37.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,846 shares of the company’s stock after selling 83,633 shares during the quarter. F M Investments LLC owned about 0.11% of BellRing Brands worth $8,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BRBR. Vanguard Personalized Indexing Management LLC grew its holdings in BellRing Brands by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after purchasing an additional 242 shares during the period. Hanseatic Management Services Inc. raised its position in shares of BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after buying an additional 263 shares during the period. Bessemer Group Inc. grew its position in 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 acquiring an additional 276 shares during the period. Fifth Third Bancorp lifted its stake in shares of BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares in the last quarter. Finally, Quarry LP increased its position in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BRBR. JPMorgan Chase & Co. decreased their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Stephens reiterated an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Barclays raised their price objective on BellRing Brands from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and an average price target of $65.71.

BellRing Brands Stock Up 1.3 %

Shares of BRBR traded up $0.86 during mid-day trading on Friday, hitting $66.69. The stock had a trading volume of 878,162 shares, compared to its average volume of 1,217,919. BellRing Brands, Inc. has a fifty-two week low of $44.22 and a fifty-two week high of $67.53. The company has a market cap of $8.62 billion, a PE ratio of 39.94, a PEG ratio of 1.56 and a beta of 0.84. The company’s fifty day simple moving average is $61.10 and its two-hundred day simple moving average is $57.64.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company had revenue of $515.40 million for the quarter, compared to analysts’ expectations of $504.73 million. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. Equities analysts expect that BellRing Brands, Inc. will post 1.9 earnings per share for the current 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.