BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 86.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,298 shares of the company’s stock after selling 51,811 shares during the quarter. SG Americas Securities LLC’s holdings in BellRing Brands were worth $504,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of BellRing Brands by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock valued at $736,151,000 after purchasing an additional 155,252 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in BellRing Brands in the fourth quarter valued at $3,331,000. Artemis Investment Management LLP raised its stake in BellRing Brands by 13.7% in the first quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock valued at $45,720,000 after buying an additional 93,505 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in BellRing Brands during the 1st quarter worth about $1,021,000. Finally, Dimensional Fund Advisors LP lifted its holdings in BellRing Brands by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock worth $138,482,000 after buying an additional 86,992 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRBR has been the topic of several research analyst reports. Barclays raised their target price on BellRing Brands from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their price objective 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. Stephens reaffirmed an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Bank of America boosted their price target on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. Three research 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 target price of $64.64.

BellRing Brands Price Performance

BellRing Brands stock opened at $65.83 on Wednesday. The stock’s 50 day moving average price is $58.30 and its 200 day moving average price is $56.86. The company has a market cap of $8.59 billion, a PE ratio of 45.72, a price-to-earnings-growth ratio of 1.48 and a beta of 0.85. BellRing Brands, Inc. has a 1-year low of $42.54 and a 1-year high of $67.12.

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. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that BellRing Brands, Inc. will post 1.9 EPS for the current fiscal 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.