Interval Partners LP Purchases New Shares in BellRing Brands, Inc. (NYSE:BRBR)

Interval Partners LP acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $11,806,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in shares of BellRing Brands in the 1st quarter valued at $32,000. Parallel Advisors LLC increased its position in BellRing Brands by 153.6% in the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after purchasing an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the first quarter worth about $37,000. Global Wealth Management Investment Advisory Inc. bought a new stake in BellRing Brands during the 4th quarter worth about $44,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in BellRing Brands during the 4th quarter valued at about $56,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 0.1 %

Shares of NYSE:BRBR traded up $0.07 during trading on Tuesday, hitting $51.04. 940,854 shares of the company’s stock traded hands, compared to its average volume of 1,359,074. The company has a 50-day moving average price of $56.10 and a 200-day moving average price of $56.87. BellRing Brands, Inc. has a 52 week low of $35.46 and a 52 week high of $62.76. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.46 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The firm had revenue of $494.60 million for the quarter, compared to analyst estimates of $467.22 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. On average, analysts predict that BellRing Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the transaction, the chairman now directly owns 215,054 shares of the company’s stock, valued at $12,935,498.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of BellRing Brands from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Stephens reiterated an “equal weight” rating and set a $53.00 target price on shares of BellRing Brands in a research report on Tuesday, May 7th. Mizuho raised their price target on BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Evercore ISI lifted their price objective on BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Moderate Buy” and an average target price of $62.29.

BellRing Brands Company 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.