10,000 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by Nkcfo LLC

Nkcfo LLC acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $571,000.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of BellRing Brands by 1,007.4% in the 1st quarter. SG Americas Securities LLC now owns 68,349 shares of the company’s stock valued at $4,035,000 after buying an additional 62,177 shares during the period. Vanguard Group Inc. lifted its holdings in BellRing Brands by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock worth $736,151,000 after acquiring an additional 155,252 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in BellRing Brands in the fourth quarter valued at approximately $3,331,000. Artemis Investment Management LLP grew its holdings in shares of BellRing Brands by 13.7% during the first quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock valued at $45,720,000 after purchasing an additional 93,505 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in shares of BellRing Brands during the first quarter valued at approximately $1,021,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $60.47 on Friday. The stock has a market cap of $7.89 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The business’s fifty day moving average is $54.49 and its 200-day moving average is $56.67. BellRing Brands, Inc. has a 1 year low of $39.90 and a 1 year high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm had revenue of $515.40 million for the quarter, compared to analysts’ expectations of $504.73 million. During the same period in the previous year, the business earned $0.34 earnings per share. BellRing Brands’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts predict that BellRing Brands, Inc. will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BRBR shares. Stephens reissued an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.