XTX Topco Ltd Purchases 24,482 Shares of BellRing Brands, Inc. (NYSE:BRBR)

XTX Topco Ltd increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 316.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,215 shares of the company’s stock after acquiring an additional 24,482 shares during the quarter. XTX Topco Ltd’s holdings in BellRing Brands were worth $1,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in BellRing Brands by 1,007.4% in the first quarter. SG Americas Securities LLC now owns 68,349 shares of the company’s stock valued at $4,035,000 after buying an additional 62,177 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of BellRing Brands by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock valued at $736,151,000 after acquiring an additional 155,252 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of BellRing Brands in the 4th quarter valued at approximately $3,331,000. Artemis Investment Management LLP boosted its stake in BellRing Brands by 13.7% in the 1st quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock worth $45,720,000 after purchasing an additional 93,505 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in BellRing Brands during the 1st quarter worth approximately $1,021,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 0.1 %

Shares of BRBR stock opened at $59.44 on Friday. BellRing Brands, Inc. has a 52-week low of $39.90 and a 52-week high of $62.76. The stock has a market cap of $7.75 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The business has a 50-day simple moving average of $54.38 and a 200-day simple moving average of $56.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $515.40 million during the quarter, compared to analysts’ expectations of $504.73 million. During the same period last year, the business earned $0.34 earnings per share. BellRing Brands’s quarterly revenue was up 15.6% on a year-over-year basis. Sell-side analysts anticipate that BellRing Brands, Inc. will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. 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 report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Stephens reissued an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price of $62.64.

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.