Dimensional Fund Advisors LP Buys 86,992 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Dimensional Fund Advisors LP lifted its stake in BellRing Brands, Inc. (NYSE:BRBR) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,423,483 shares of the company’s stock after acquiring an additional 86,992 shares during the period. Dimensional Fund Advisors LP owned 1.86% of BellRing Brands worth $138,482,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in BellRing Brands by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after buying an additional 698,121 shares in the last quarter. Norges Bank acquired a new stake in BellRing Brands in the 4th quarter worth approximately $91,936,000. Principal Financial Group Inc. boosted its stake in BellRing Brands by 10.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,203,488 shares of the company’s stock worth $68,767,000 after purchasing an additional 115,151 shares in the last quarter. Artemis Investment Management LLP boosted its stake in BellRing Brands by 13.7% in the 1st quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock worth $45,720,000 after purchasing an additional 93,505 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in BellRing Brands by 5.9% in the 1st quarter. Gabelli Funds LLC now owns 476,856 shares of the company’s stock worth $28,149,000 after purchasing an additional 26,550 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Price Performance

NYSE:BRBR opened at $60.47 on Friday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The company has a 50 day moving average price of $54.49 and a 200-day moving average price of $56.65. BellRing Brands, Inc. has a 1-year low of $39.90 and a 1-year high of $62.76.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered 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. JPMorgan Chase & Co. lowered 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 note on Wednesday, August 7th. Stephens reiterated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.64.

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.