Creative Planning Sells 8,801 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Creative Planning lowered its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 39.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,320 shares of the company’s stock after selling 8,801 shares during the period. Creative Planning’s holdings in BellRing Brands were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands during the second quarter worth approximately $28,000. Quarry LP increased its stake in shares of BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. GAMMA Investing LLC increased its stake in shares of BellRing Brands by 165.3% during the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after purchasing an additional 615 shares during the period. Fifth Third Bancorp increased its stake in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in BellRing Brands during the second quarter worth approximately $80,000. Institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stephens reissued an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Barclays increased their price target on BellRing Brands from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Evercore ISI increased their price target on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America increased their price target on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.71.

BellRing Brands Stock Performance

Shares of BRBR opened at $66.69 on Friday. BellRing Brands, Inc. has a 52 week low of $44.22 and a 52 week high of $67.53. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 1.56 and a beta of 0.84. The stock has a fifty day moving average of $61.10 and a 200-day moving average of $57.66.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, beating 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 analysts’ expectations of $504.73 million. During the same period in the prior year, the company earned $0.34 EPS. BellRing Brands’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts forecast that BellRing Brands, Inc. will post 1.9 EPS for the current 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.