BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its stake in BellRing Brands, Inc. (NYSE:BRBRGet Rating) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,359 shares of the company’s stock after purchasing an additional 2,437 shares during the quarter. Gateway Investment Advisers LLC owned about 0.06% of BellRing Brands worth $2,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of BellRing Brands by 52.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 156,584 shares of the company’s stock worth $4,467,000 after acquiring an additional 53,721 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in BellRing Brands during the fourth quarter worth about $220,000. Citigroup Inc. grew its stake in shares of BellRing Brands by 237.7% in the 4th quarter. Citigroup Inc. now owns 45,166 shares of the company’s stock valued at $1,289,000 after buying an additional 31,793 shares during the period. Gabelli Funds LLC increased its holdings in shares of BellRing Brands by 71.2% during the 4th quarter. Gabelli Funds LLC now owns 85,610 shares of the company’s stock worth $2,442,000 after buying an additional 35,610 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of BellRing Brands by 39.5% during the 4th quarter. Invesco Ltd. now owns 1,434,581 shares of the company’s stock valued at $40,929,000 after buying an additional 406,148 shares during the period. Institutional investors and hedge funds own 81.45% of the company’s stock.

BellRing Brands Trading Down 5.3 %

BRBR opened at $21.75 on Friday. The stock’s 50-day moving average price is $24.38 and its 200 day moving average price is $24.39. BellRing Brands, Inc. has a 12-month low of $20.36 and a 12-month high of $32.95. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.33 and a beta of 0.81.

BellRing Brands (NYSE:BRBRGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. BellRing Brands had a net margin of 4.38% and a negative return on equity of 4.53%. The company had revenue of $370.60 million for the quarter, compared to analyst estimates of $386.67 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts forecast that BellRing Brands, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on BRBR shares. Mizuho upped their price target on BellRing Brands from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Citigroup reaffirmed a “buy” rating and set a $35.00 target price on shares of BellRing Brands in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $33.00.

BellRing Brands Company Profile

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BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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