Cwm LLC Purchases 2,849 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Cwm LLC lifted its position in BellRing Brands, Inc. (NYSE:BRBR) by 264.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,927 shares of the company’s stock after buying an additional 2,849 shares during the period. Cwm LLC’s holdings in BellRing Brands were worth $238,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BRBR. SG Americas Securities LLC lifted its holdings in shares of BellRing Brands by 1,007.4% during the 1st quarter. SG Americas Securities LLC now owns 68,349 shares of the company’s stock valued at $4,035,000 after purchasing an additional 62,177 shares in the last quarter. Artemis Investment Management LLP raised its holdings in BellRing Brands by 13.7% during the 1st quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock worth $45,720,000 after buying an additional 93,505 shares during the period. Illinois Municipal Retirement Fund bought a new position in BellRing Brands in the first quarter valued at approximately $1,021,000. Dimensional Fund Advisors LP boosted its holdings in shares of BellRing Brands by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock valued at $138,482,000 after buying an additional 86,992 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in shares of BellRing Brands by 186.5% during the second quarter. WINTON GROUP Ltd now owns 44,642 shares of the company’s stock worth $2,551,000 after acquiring an additional 29,060 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Down 0.8 %

Shares of NYSE BRBR opened at $65.48 on Wednesday. The firm has a market cap of $8.54 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 1.48 and a beta of 0.85. The business’s 50 day moving average is $59.44 and its 200-day moving average is $57.13. BellRing Brands, Inc. has a 1-year low of $42.54 and a 1-year high of $67.12.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Barclays upped their price objective 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 issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Stephens reaffirmed an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

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.