SG Americas Securities LLC Raises Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

SG Americas Securities LLC grew its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 3,112.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,533 shares of the company’s stock after buying an additional 258,235 shares during the quarter. SG Americas Securities LLC owned 0.21% of BellRing Brands worth $20,081,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in BellRing Brands in the 3rd quarter worth about $31,000. UMB Bank n.a. lifted its position in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after acquiring an additional 234 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter worth approximately $44,000. Finally, Quarry LP raised its stake in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Stock Up 0.5 %

NYSE:BRBR opened at $76.23 on Thursday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $79.90. The stock’s fifty day moving average is $75.44 and its two-hundred day moving average is $64.56. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business 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 12.35% and a negative return on equity of 103.89%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, sell-side analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Truist Financial upped their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.67.

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.