BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 12.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 94,667 shares of the company’s stock after acquiring an additional 10,720 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of BellRing Brands worth $5,749,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in BellRing Brands by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock valued at $138,482,000 after acquiring an additional 86,992 shares in the last quarter. WINTON GROUP Ltd grew its stake in BellRing Brands by 186.5% during the 2nd quarter. WINTON GROUP Ltd now owns 44,642 shares of the company’s stock worth $2,551,000 after buying an additional 29,060 shares during the last quarter. Federated Hermes Inc. increased its position in BellRing Brands by 28.0% during the second quarter. Federated Hermes Inc. now owns 474,168 shares of the company’s stock worth $27,094,000 after buying an additional 103,604 shares during the period. AQR Capital Management LLC lifted its stake in BellRing Brands by 72.3% in the second quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock valued at $30,419,000 after buying an additional 223,430 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of BellRing Brands by 41.2% in the second quarter. Natixis Advisors LLC now owns 100,886 shares of the company’s stock valued at $5,765,000 after acquiring an additional 29,413 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 2.8 %

BRBR stock opened at $78.60 on Friday. The company’s 50-day moving average price is $65.65 and its 200 day moving average price is $59.34. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $78.68. The company has a market cap of $10.16 billion, a P/E ratio of 42.03, a P/E/G ratio of 2.56 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last released its quarterly 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. The business had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, equities research analysts expect that BellRing Brands, Inc. will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BRBR. Evercore ISI lifted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial upped their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.27.

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.