MML Investors Services LLC Has $354,000 Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

MML Investors Services LLC boosted its position in BellRing Brands, Inc. (NYSE:BRBR) by 8.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,832 shares of the company’s stock after purchasing an additional 476 shares during the period. MML Investors Services LLC’s holdings in BellRing Brands were worth $354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares during the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands during the third quarter worth $44,000. Quarry LP increased its holdings in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 0.7 %

NYSE BRBR opened at $76.66 on Wednesday. The firm’s 50 day simple moving average is $72.45 and its 200 day simple moving average is $62.09. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 40.99, a P/E/G ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays boosted their price objective on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Stephens increased their target price on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $75.60.

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.