Quadrature Capital Ltd Raises Position in BellRing Brands, Inc. (NYSE:BRBR)

Quadrature Capital Ltd boosted its position in BellRing Brands, Inc. (NYSE:BRBR) by 44.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,772 shares of the company’s stock after purchasing an additional 3,009 shares during the period. Quadrature Capital Ltd’s holdings in BellRing Brands were worth $594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC lifted its stake in shares of BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares in the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the 3rd quarter worth approximately $44,000. Quarry LP grew its stake in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after buying an additional 374 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of analyst reports. Citigroup raised their price target on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group raised their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Truist Financial raised their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, Barclays upped their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.60.

BellRing Brands Stock Down 1.0 %

Shares of BRBR stock opened at $77.94 on Monday. The business has a 50-day moving average price of $69.15 and a two-hundred day moving average price of $60.69. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a market cap of $10.04 billion, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its 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. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same quarter in the previous year, the company posted $0.41 EPS. BellRing Brands’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, research analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal 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.