Premier Fund Managers Ltd Invests $840,000 in BellRing Brands, Inc. (NYSE:BRBR)

Premier Fund Managers Ltd acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,745 shares of the company’s stock, valued at approximately $840,000.

Other hedge funds have also recently made changes to their positions in the company. Chartwell Investment Partners LLC grew its stake in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares during the period. Hanseatic Management Services Inc. increased its holdings in BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after buying an additional 263 shares during the period. Bessemer Group Inc. raised its position in BellRing Brands by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after buying an additional 276 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after acquiring an additional 374 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Trading Down 0.2 %

BRBR opened at $73.28 on Wednesday. BellRing Brands, Inc. has a twelve month low of $44.37 and a twelve month high of $74.00. The firm has a market capitalization of $9.47 billion, a PE ratio of 43.88, a PEG ratio of 1.61 and a beta of 0.84. 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 issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts predict that BellRing Brands, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BRBR. JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Truist Financial increased their price target on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Evercore ISI lifted their price objective on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, DA Davidson reissued a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

BellRing Brands 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.