Dorsey Wright & Associates Buys 947 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Dorsey Wright & Associates increased its stake in BellRing Brands, Inc. (NYSE:BRBR) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,100 shares of the company’s stock after acquiring an additional 947 shares during the quarter. BellRing Brands accounts for approximately 1.1% of Dorsey Wright & Associates’ portfolio, making the stock its 24th largest position. Dorsey Wright & Associates owned approximately 0.06% of BellRing Brands worth $4,177,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Scientech Research LLC increased its stake in shares of BellRing Brands by 99.4% in the 2nd quarter. Scientech Research LLC now owns 17,967 shares of the company’s stock valued at $1,027,000 after acquiring an additional 8,957 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after purchasing an additional 847,161 shares in the last quarter. Deerfield Management Company L.P. Series C increased its stake in BellRing Brands by 70.5% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 10,817 shares of the company’s stock valued at $618,000 after purchasing an additional 4,473 shares in the last quarter. AQR Capital Management LLC increased its stake in BellRing Brands by 72.3% during the 2nd quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock valued at $30,419,000 after purchasing an additional 223,430 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after purchasing an additional 545,371 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $61.11 on Friday. The company’s 50-day moving average is $55.43 and its 200 day moving average is $56.70. The company has a market capitalization of $7.97 billion, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 1.58 and a beta of 0.85. BellRing Brands, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The company had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. As a group, research analysts predict that BellRing Brands, Inc. will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Stephens restated an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $62.64.

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.