Seven Eight Capital LP Increases Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Seven Eight Capital LP boosted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 58.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,253 shares of the company’s stock after acquiring an additional 20,729 shares during the period. Seven Eight Capital LP’s holdings in BellRing Brands were worth $3,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BRBR. Vanguard Personalized Indexing Management LLC boosted its holdings in BellRing Brands by 2.4% in the 2nd 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. boosted its stake in BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $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 worth $440,000 after buying an additional 276 shares in the last quarter. Parallel Advisors LLC increased its stake in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after acquiring an additional 374 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 0.7 %

BellRing Brands stock opened at $59.57 on Wednesday. The firm has a fifty day simple moving average of $54.21 and a two-hundred day simple moving average of $56.63. BellRing Brands, Inc. has a twelve month low of $39.90 and a twelve month high of $62.76. The company has a market capitalization of $7.77 billion, a PE ratio of 41.37, a P/E/G ratio of 1.51 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company had revenue of $515.40 million during the quarter, compared to analyst estimates of $504.73 million. During the same quarter in the previous year, the company posted $0.34 EPS. BellRing Brands’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts expect that BellRing Brands, Inc. will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. JPMorgan Chase & Co. dropped 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 report on Wednesday, August 7th. Stephens reissued an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.64.

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.