Lombard Odier Asset Management USA Corp Increases Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Lombard Odier Asset Management USA Corp boosted its position in BellRing Brands, Inc. (NYSE:BRBR) by 43.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,867 shares of the company’s stock after acquiring an additional 2,399 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in BellRing Brands were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BRBR. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after purchasing an additional 242 shares during the period. Hanseatic Management Services Inc. lifted its holdings in 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 buying an additional 263 shares during the period. Bessemer Group Inc. grew its position in shares of BellRing Brands by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after buying an additional 276 shares during the last quarter. Parallel Advisors LLC grew its position in shares of BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after buying an additional 361 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake 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 buying an additional 374 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on 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. dropped 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 report on Wednesday, August 7th. Stephens reiterated an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $66.00 price target 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 issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.64.

BellRing Brands Stock Up 1.7 %

BellRing Brands stock opened at $60.47 on Monday. BellRing Brands, Inc. has a twelve month low of $39.90 and a twelve month high of $62.76. The company has a market capitalization of $7.89 billion, a P/E ratio of 41.99, a PEG ratio of 1.51 and a beta of 0.85. The stock’s 50 day moving average is $54.49 and its 200 day moving average is $56.62.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. 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 prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities analysts expect that BellRing Brands, Inc. will post 1.9 EPS 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.