Algert Global LLC Grows Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Algert Global LLC lifted its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,916 shares of the company’s stock after acquiring an additional 30,449 shares during the period. BellRing Brands makes up 0.5% of Algert Global LLC’s holdings, making the stock its 2nd biggest holding. Algert Global LLC owned 0.22% of BellRing Brands worth $16,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BRBR. Opal Wealth Advisors LLC purchased a new position in BellRing Brands during the 2nd quarter worth $28,000. Rise Advisors LLC purchased a new position in BellRing Brands during the first quarter worth about $32,000. Parallel Advisors LLC grew its position in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC increased its stake in BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after buying an additional 615 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

BRBR has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Stephens reaffirmed an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced 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 report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $62.64.

BellRing Brands Stock Up 0.4 %

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 $56.68. The firm has a market cap 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 12-month low of $39.90 and a 12-month high of $62.76.

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

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.