Everence Capital Management Inc. Purchases Shares of 3,120 BellRing Brands, Inc. (NYSE:BRBR)

Everence Capital Management Inc. acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,120 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Chartwell Investment Partners LLC grew its position in BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake 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 in the last quarter. Quarry LP grew its stake 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 buying an additional 378 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of BellRing Brands by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,746 shares of the company’s stock valued at $531,000 after buying an additional 429 shares during the period. Finally, KBC Group NV lifted its position in BellRing Brands by 14.1% during the 3rd quarter. KBC Group NV now owns 3,583 shares of the company’s stock worth $218,000 after acquiring an additional 443 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Down 0.2 %

Shares of BRBR stock opened at $72.44 on Thursday. The company has a market cap of $9.33 billion, a P/E ratio of 38.74, a PEG ratio of 2.59 and a beta of 0.86. The business has a 50 day moving average of $74.72 and a two-hundred day moving average of $63.61. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $79.90.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Bank of America lifted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price objective 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. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Mizuho boosted their price target on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.67.

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.