Amalgamated Bank Has $3.77 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Amalgamated Bank trimmed its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,924 shares of the company’s stock after selling 2,778 shares during the period. Amalgamated Bank owned 0.05% of BellRing Brands worth $3,767,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. boosted its position in shares of BellRing Brands by 1.8% in the second 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. lifted its stake in 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 acquiring an additional 276 shares in the last quarter. Parallel Advisors LLC boosted its position in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the period. Fifth Third Bancorp grew its stake 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. Finally, Opal Wealth Advisors LLC acquired a new position in shares of BellRing Brands in the 2nd quarter valued at about $28,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target 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. JPMorgan Chase & Co. dropped their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $55.00 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.64.

BellRing Brands Stock Up 1.7 %

Shares of BRBR stock opened at $60.47 on Monday. BellRing Brands, Inc. has a 12 month low of $39.90 and a 12 month high of $62.76. The firm has a market cap of $7.89 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The stock has a 50 day moving average of $54.49 and a 200-day moving average of $56.62.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. BellRing Brands’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities analysts predict that BellRing Brands, Inc. will post 1.9 EPS for the current fiscal 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.