MML Investors Services LLC Buys 476 Shares of BellRing Brands, Inc. (NYSE:BRBR)

MML Investors Services LLC grew its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 8.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,832 shares of the company’s stock after buying an additional 476 shares during the quarter. MML Investors Services LLC’s holdings in BellRing Brands were worth $354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chartwell Investment Partners LLC boosted its position in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after buying an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake 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 acquiring an additional 242 shares during the last quarter. Hanseatic Management Services Inc. grew its stake in shares of BellRing Brands by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after purchasing an additional 263 shares during the last quarter. Fifth Third Bancorp increased its holdings in BellRing Brands by 51.4% in 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 during the period. Finally, Quarry LP increased its holdings in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. Institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BRBR. Stephens upped their price target on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. 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. Barclays raised 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. Stifel Nicolaus upped their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI lifted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.60.

BellRing Brands Price Performance

Shares of BRBR opened at $76.66 on Wednesday. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $79.90. The company has a market cap of $9.87 billion, a PE ratio of 40.99, a P/E/G ratio of 2.59 and a beta of 0.86. The stock has a 50-day moving average of $72.45 and a 200-day moving average of $62.09.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.51 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 firm had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

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.