Atria Investments Inc Grows Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Atria Investments Inc grew its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,227 shares of the company’s stock after purchasing an additional 927 shares during the period. Atria Investments Inc’s holdings in BellRing Brands were worth $621,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in shares of BellRing Brands in the 2nd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands during the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its position in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares in the last quarter. Quarry LP boosted its position in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after acquiring an additional 615 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Trading Down 0.2 %

Shares of NYSE BRBR opened at $73.28 on Wednesday. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.61 and a beta of 0.84. BellRing Brands, Inc. has a 12-month low of $44.37 and a 12-month high of $74.00. The firm’s 50-day moving average price is $64.56 and its 200-day moving average price is $58.96.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. BellRing Brands’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, equities analysts predict that BellRing Brands, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BRBR shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America increased their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI boosted their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

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.