Mount Yale Investment Advisors LLC Sells 683 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Mount Yale Investment Advisors LLC cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 14.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,057 shares of the company’s stock after selling 683 shares during the period. Mount Yale Investment Advisors LLC’s holdings in BellRing Brands were worth $232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in BellRing Brands during the 2nd quarter valued at $28,000. Rise Advisors LLC bought a new stake in shares of BellRing Brands during the 1st quarter valued at about $32,000. Parallel Advisors LLC increased its position in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares during the period. GAMMA Investing LLC lifted its holdings in BellRing Brands by 165.3% in the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after buying an additional 615 shares during the period. Finally, Fifth Third Bancorp boosted its position in BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after acquiring an additional 374 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 0.4 %

BRBR stock opened at $60.72 on Wednesday. The stock has a market capitalization of $7.92 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The stock’s 50 day simple moving average is $54.68 and its 200 day simple moving average is $56.62. BellRing Brands, Inc. has a 12-month low of $39.90 and a 12-month high of $62.76.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $504.73 million. During the same period in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, research analysts predict that BellRing Brands, Inc. will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRBR. Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Stephens reissued an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lowered their price target 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BellRing Brands 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.