BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Centiva Capital LP

Centiva Capital LP cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,575 shares of the company’s stock after selling 2,949 shares during the period. Centiva Capital LP’s holdings in BellRing Brands were worth $2,160,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wasatch Advisors LP grew its stake in shares of BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after acquiring an additional 494,669 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BellRing Brands by 3.7% during 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. Point72 Asset Management L.P. grew its stake in shares of BellRing Brands by 23.3% during the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock valued at $121,775,000 after acquiring an additional 402,666 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of BellRing Brands by 4.6% during the second quarter. Driehaus Capital Management LLC now owns 2,064,167 shares of the company’s stock valued at $117,947,000 after acquiring an additional 91,149 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after acquiring an additional 847,161 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on BRBR shares. Bank of America lifted their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stephens lifted their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price target on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on 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, Mizuho lifted their target price on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Trading Down 1.1 %

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 PE ratio of 41.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.84. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $79.90.

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, beating analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current year.

BellRing Brands Company 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.