Artemis Investment Management LLP Has $55.99 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Artemis Investment Management LLP lowered its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 743,102 shares of the company’s stock after selling 5,906 shares during the quarter. Artemis Investment Management LLP owned about 0.58% of BellRing Brands worth $55,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Chartwell Investment Partners LLC raised its position in shares of BellRing Brands by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake 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 buying an additional 242 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in BellRing Brands by 6.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,669 shares of the company’s stock worth $352,000 after acquiring an additional 266 shares during the period. Quarry LP raised its holdings in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in BellRing Brands by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,746 shares of the company’s stock worth $531,000 after acquiring an additional 429 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

BRBR has been the topic of several research analyst reports. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their price target on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stephens raised their price objective on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Evercore ISI upped their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Citigroup raised their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.67.

BellRing Brands Trading Down 1.2 %

NYSE BRBR opened at $72.37 on Friday. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.39 and a beta of 0.86. The stock’s 50 day moving average is $75.34 and its two-hundred day moving average is $64.29.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter in the previous year, the firm earned $0.41 EPS. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

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.