BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 23.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,400 shares of the company’s stock after acquiring an additional 52,100 shares during the period. Canada Pension Plan Investment Board’s holdings in BellRing Brands were worth $15,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands in the second quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in BellRing Brands in the 1st quarter valued at $32,000. Parallel Advisors LLC increased its holdings in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares in the last quarter. GAMMA Investing LLC raised its position in BellRing Brands by 165.3% during the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after acquiring an additional 615 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 0.8 %

Shares of BRBR stock opened at $60.94 on Tuesday. BellRing Brands, Inc. has a twelve month low of $39.90 and a twelve month high of $62.76. The company’s 50-day moving average price is $54.68 and its 200-day moving average price is $56.62. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 1.51 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. The company had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. BellRing Brands’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities research analysts predict that BellRing Brands, Inc. will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BRBR. JPMorgan Chase & Co. cut their target price on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Stephens reiterated an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eleven 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 $62.64.

About BellRing Brands

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.