Vontobel Holding Ltd. Reduces Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Vontobel Holding Ltd. lowered its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,734 shares of the company’s stock after selling 1,297 shares during the quarter. Vontobel Holding Ltd.’s holdings in BellRing Brands were worth $712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its position in BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after buying an additional 847,161 shares in the last quarter. Vanguard Group Inc. increased its position in BellRing Brands by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after buying an additional 698,121 shares in the last quarter. Squarepoint Ops LLC increased its position in BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after buying an additional 545,371 shares in the last quarter. Point72 Asset Management L.P. increased its position in BellRing Brands by 23.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock valued at $121,775,000 after buying an additional 402,666 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in BellRing Brands by 47.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,223,040 shares of the company’s stock valued at $69,885,000 after buying an additional 393,262 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $65.75 on Monday. The firm has a market capitalization of $8.58 billion, a PE ratio of 45.66, a P/E/G 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. The business’s fifty day moving average price is $58.96 and its two-hundred day moving average price is $57.02.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. The business had revenue of $515.40 million during 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% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. Equities research analysts expect that BellRing Brands, Inc. will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. reduced their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Barclays boosted their price objective on shares of BellRing Brands from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Bank of America upped their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Truist Financial upped their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

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.