Jacobs Levy Equity Management Inc. Sells 11,134 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Jacobs Levy Equity Management Inc. lessened its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 20.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,638 shares of the company’s stock after selling 11,134 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in BellRing Brands were worth $2,589,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC raised its position in BellRing Brands by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after buying an additional 263 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of BellRing Brands by 51.4% during the second 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. Finally, Quarry LP increased its holdings in shares of BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after buying an additional 378 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Truist Financial raised their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus raised their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.60.

BellRing Brands Stock Down 1.0 %

Shares of NYSE BRBR opened at $77.94 on Friday. The company’s fifty day moving average is $69.15 and its 200-day moving average is $60.67. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $79.90.

BellRing Brands (NYSE:BRBR) last announced 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 company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, research analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

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.