BellRing Brands, Inc. (NYSE:BRBR) Stake Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,435 shares of the company’s stock after purchasing an additional 2,259 shares during the quarter. Pacer Advisors Inc.’s holdings in BellRing Brands were worth $1,682,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands during the second quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in BellRing Brands in the 1st quarter worth approximately $32,000. Parallel Advisors LLC grew 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 buying an additional 361 shares in the last quarter. GAMMA Investing LLC grew its holdings in BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after buying an additional 615 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after buying an additional 374 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BellRing Brands Stock Up 0.8 %

BRBR opened at $60.85 on Friday. The stock has a fifty day moving average of $55.04 and a 200-day moving average of $56.65. The firm has a market capitalization of $7.86 billion, a P/E ratio of 42.26, a PEG ratio of 1.58 and a beta of 0.85. BellRing Brands, Inc. has a 12-month low of $39.90 and a 12-month high of $62.76.

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