Transatlantique Private Wealth LLC Trims Position in BellRing Brands, Inc. (NYSE:BRBR)

Transatlantique Private Wealth LLC decreased its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 44.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,534 shares of the company’s stock after selling 3,658 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in BellRing Brands were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands during the 2nd quarter worth approximately $28,000. Rise Advisors LLC bought a new position in BellRing Brands in the first quarter worth $32,000. Parallel Advisors LLC lifted its position in 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 boosted its holdings in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after buying an additional 615 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after buying an additional 374 shares during the period. Institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BRBR. 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. 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 report on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $66.00 price objective 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.64.

BellRing Brands Price Performance

BRBR opened at $60.47 on Friday. The company has a 50 day simple moving average of $54.49 and a two-hundred day simple moving average of $56.65. The firm has a market cap of $7.89 billion, a P/E ratio of 41.99, a PEG ratio of 1.51 and a beta of 0.85. BellRing Brands, Inc. has a 1-year low of $39.90 and a 1-year high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. The company had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. BellRing Brands’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. Equities analysts anticipate that BellRing Brands, Inc. will post 1.9 earnings per share for the current year.

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.