MetLife Investment Management LLC Has $4.06 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

MetLife Investment Management LLC lessened its position in BellRing Brands, Inc. (NYSE:BRBR) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,816 shares of the company’s stock after selling 1,865 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of BellRing Brands worth $4,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRBR. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands in the second quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in BellRing Brands during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its stake in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of BellRing Brands in the 3rd quarter valued at about $44,000. Finally, Quarry LP lifted its position in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BRBR shares. Truist Financial increased their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Bank of America upped their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $75.60.

BellRing Brands Stock Down 1.1 %

Shares of NYSE:BRBR opened at $77.62 on Tuesday. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.63 and a beta of 0.84. The business has a 50 day moving average price of $67.46 and a 200 day moving average price of $59.99. 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 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. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. BellRing Brands’s revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current year.

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.