505,590 Shares in BellRing Brands, Inc. (NYSE:BRBR) Bought by Champlain Investment Partners LLC

Champlain Investment Partners LLC purchased a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 505,590 shares of the company’s stock, valued at approximately $30,699,000.

Several other large investors have also made changes to their positions in BRBR. Citigroup Inc. lifted its holdings in shares of BellRing Brands by 26.6% in the third quarter. Citigroup Inc. now owns 80,263 shares of the company’s stock worth $4,874,000 after buying an additional 16,887 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in BellRing Brands by 35.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after acquiring an additional 333,287 shares during the last quarter. Banco Santander S.A. purchased a new stake in BellRing Brands in the 3rd quarter worth $672,000. Landscape Capital Management L.L.C. lifted its stake in BellRing Brands by 77.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 76,036 shares of the company’s stock worth $4,617,000 after purchasing an additional 33,158 shares in the last quarter. Finally, Primecap Management Co. CA bought a new position in shares of BellRing Brands during the 3rd quarter valued at about $16,843,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Up 2.8 %

BRBR stock opened at $78.60 on Friday. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 2.56 and a beta of 0.84. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $78.68. The business’s fifty day simple moving average is $65.65 and its two-hundred day simple moving average is $59.34.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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 net margin of 12.35% and a negative return on equity of 103.89%. The company had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Research analysts expect that BellRing Brands, Inc. will post 2.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BRBR shares. Truist Financial boosted their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays raised their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday. Stephens reaffirmed an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.27.

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.