Charles Schwab Investment Management Inc. Has $76.95 Million Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Charles Schwab Investment Management Inc. grew its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 35.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267,283 shares of the company’s stock after buying an additional 333,287 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BellRing Brands were worth $76,949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Chartwell Investment Partners LLC boosted its stake in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position 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 valued at $540,000 after buying an additional 242 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in 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 raised its position in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after buying an additional 374 shares during the last quarter. Finally, Quarry LP boosted its holdings in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BRBR shares. Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their target price on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Mizuho lifted their price target on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays boosted their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Trading Down 2.1 %

BellRing Brands stock opened at $77.16 on Thursday. The firm has a 50 day simple moving average of $66.75 and a 200 day simple moving average of $59.73. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 41.26, a P/E/G ratio of 2.58 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current year.

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.