Lombard Odier Asset Management USA Corp Acquires 2,399 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Lombard Odier Asset Management USA Corp raised its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 43.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,867 shares of the company’s stock after purchasing an additional 2,399 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in BellRing Brands were worth $450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands during the second quarter valued at $28,000. Rise Advisors LLC bought a new position in BellRing Brands during the 1st quarter valued at about $32,000. Parallel Advisors LLC boosted its holdings in shares of BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after acquiring an additional 361 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of BellRing Brands by 165.3% in 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 grew its stake in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after acquiring an additional 374 shares during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR opened at $60.47 on Monday. The company has a 50 day simple moving average of $54.49 and a two-hundred day simple moving average of $56.62. The firm has a market cap of $7.89 billion, a P/E ratio of 41.99, a PEG ratio of 1.51 and a beta of 0.85. BellRing Brands, Inc. has a 1-year low of $39.90 and a 1-year high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. During the same quarter in the prior year, the firm posted $0.34 EPS. BellRing Brands’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts anticipate that BellRing Brands, Inc. will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BRBR. Deutsche Bank Aktiengesellschaft dropped their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on 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 issued a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $62.64.

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.