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

Loomis Sayles & Co. L P reduced its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 32.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 807,759 shares of the company’s stock after selling 394,750 shares during the quarter. Loomis Sayles & Co. L P’s holdings in BellRing Brands were worth $49,047,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Chartwell Investment Partners LLC grew its position in BellRing Brands by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after buying an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after acquiring an additional 242 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings 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 acquiring an additional 263 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares during the last quarter. Finally, Quarry LP boosted its position in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Down 2.0 %

Shares of BRBR opened at $77.02 on Tuesday. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.84. The company’s fifty day moving average is $66.01 and its 200-day moving average is $59.48. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90.

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

Wall Street Analyst Weigh In

Several research analysts have commented on BRBR shares. Jefferies Financial Group raised their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus raised their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stephens boosted their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. decreased their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Bank of America upped their price target on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.60.

BellRing Brands Company 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.