Intech Investment Management LLC Purchases Shares of 63,754 BellRing Brands, Inc. (NYSE:BRBR)

Intech Investment Management LLC acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,754 shares of the company’s stock, valued at approximately $3,871,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BRBR. Chartwell Investment Partners LLC raised its stake in BellRing Brands by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of 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 buying an additional 242 shares in the last quarter. Hanseatic Management Services Inc. grew its position in BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after buying an additional 263 shares in the last quarter. Bessemer Group Inc. increased its stake in BellRing Brands by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after acquiring an additional 276 shares during the period. Finally, Fifth Third Bancorp increased its stake in BellRing Brands by 51.4% during 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 period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Up 2.8 %

BellRing Brands stock opened at $78.60 on Friday. The stock has a 50-day moving average price of $65.65 and a two-hundred day moving average price of $59.34. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $78.68. The company has a market capitalization of $10.16 billion, a PE ratio of 42.03, a P/E/G ratio of 2.56 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (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 business had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. During the same quarter last year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, analysts predict that BellRing Brands, Inc. will post 2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BRBR shares. Mizuho raised their price target on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial raised their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday. Citigroup upped their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens reissued an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. cut their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.27.

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.