B. Metzler seel. Sohn & Co. Holding AG bought a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 44,411 shares of the company's stock, valued at approximately $2,697,000.
Several other large investors have also recently added to or reduced their stakes in BRBR. Vanguard Group Inc. raised its holdings in BellRing Brands by 5.3% during the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company's stock valued at $825,172,000 after buying an additional 698,121 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BellRing Brands by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock valued at $138,482,000 after purchasing an additional 86,992 shares during the period. Point72 Asset Management L.P. grew its holdings in BellRing Brands by 23.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company's stock valued at $121,775,000 after buying an additional 402,666 shares during the last quarter. Driehaus Capital Management LLC increased its position in BellRing Brands by 4.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,064,167 shares of the company's stock worth $117,947,000 after buying an additional 91,149 shares during the period. Finally, 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 buying an additional 847,161 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.
Shares of NYSE:BRBR opened at $76.54 on Friday. The company has a market capitalization of $9.89 billion, a PE ratio of 40.93, a P/E/G ratio of 1.63 and a beta of 0.84. The company's fifty day moving average is $65.25 and its 200-day moving average is $59.19. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $76.68.
BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $555.80 million for the quarter, compared to analysts' expectations of $545.00 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The company's quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts forecast that BellRing Brands, Inc. will post 2.12 EPS for the current year.
Several research firms recently commented on BRBR. JPMorgan Chase & Co. cut their target price 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. Mizuho upped their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday. Bank of America lifted their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday. Citigroup upped their price target on BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and an average target price of $74.27.
View Our Latest Report on BRBR
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.
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