53,165 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 53,165 shares of the company’s stock, valued at approximately $3,228,000.

A number of other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands in the second quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands during the third quarter valued at $31,000. Farther Finance Advisors LLC grew its stake in shares of BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the 3rd quarter valued at about $44,000. Finally, Quarry LP lifted its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 1.1 %

Shares of NYSE:BRBR opened at $77.62 on Tuesday. The business’s 50 day moving average is $67.46 and its 200 day moving average is $59.99. The stock has a market cap of $10.00 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.84. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) 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 the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. On average, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRBR shares. DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Stephens increased their price target on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Needham & Company LLC restated a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Truist Financial increased their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.60.

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.