BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 32.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,759 shares of the company’s stock after selling 394,750 shares during the period. Loomis Sayles & Co. L P owned about 0.63% of BellRing Brands worth $49,047,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its position in shares of BellRing Brands by 125.0% during the third quarter. Daiwa Securities Group Inc. now owns 8,100 shares of the company’s stock worth $492,000 after purchasing an additional 4,500 shares in the last quarter. Algert Global LLC increased its position in shares of BellRing Brands by 12.6% during the third quarter. Algert Global LLC now owns 319,690 shares of the company’s stock worth $19,412,000 after acquiring an additional 35,774 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of BellRing Brands in the third quarter worth about $30,699,000. Citigroup Inc. lifted its stake in shares of BellRing Brands by 26.6% in the third quarter. Citigroup Inc. now owns 80,263 shares of the company’s stock worth $4,874,000 after acquiring an additional 16,887 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after purchasing an additional 333,287 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Down 2.0 %

Shares of NYSE:BRBR opened at $77.02 on Tuesday. The company’s 50-day moving average price is $66.01 and its 200 day moving average price is $59.48. The company has a market cap of $9.95 billion, a PE ratio of 41.19, a P/E/G ratio of 2.64 and a beta of 0.84. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on BRBR. Bank of America upped their target price on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Stifel Nicolaus upped their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $75.60.

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.