BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its stake in BellRing Brands, Inc. (NYSE:BRBR) by 77.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,036 shares of the company’s stock after buying an additional 33,158 shares during the period. Landscape Capital Management L.L.C.’s holdings in BellRing Brands were worth $4,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 86,992 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of BellRing Brands by 186.5% during the second quarter. WINTON GROUP Ltd now owns 44,642 shares of the company’s stock valued at $2,551,000 after acquiring an additional 29,060 shares during the last quarter. Braun Stacey Associates Inc. purchased a new position in BellRing Brands in the 3rd quarter valued at $18,680,000. Federated Hermes Inc. boosted 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 acquiring an additional 103,604 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 223,430 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR opened at $74.38 on Thursday. The business’s fifty day moving average is $64.89 and its two-hundred day moving average is $59.07. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 1.61 and a beta of 0.84. BellRing Brands, Inc. has a one year low of $46.03 and a one year high of $75.44.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. On average, analysts predict that BellRing Brands, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup increased their price target on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson reissued a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday. Evercore ISI upped 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $73.93.

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.