Interval Partners LP Acquires New Shares in BellRing Brands, Inc. (NYSE:BRBR)

Interval Partners LP acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $11,806,000. Interval Partners LP owned about 0.15% of BellRing Brands as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of BellRing Brands in the fourth quarter valued at approximately $91,936,000. Franklin Resources Inc. grew its holdings in BellRing Brands by 60.3% during the 4th quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock valued at $203,239,000 after buying an additional 1,379,138 shares during the last quarter. Vanguard Group Inc. increased its position in BellRing Brands by 5.3% during the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after buying an additional 698,121 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of BellRing Brands by 87.2% in the first quarter. Principal Financial Group Inc. now owns 1,088,337 shares of the company’s stock worth $64,245,000 after acquiring an additional 506,895 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of BellRing Brands in the fourth quarter valued at $16,900,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Mizuho boosted their price target on BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Barclays raised their price objective on BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Stephens reiterated an “equal weight” rating and issued a $53.00 target price on shares of BellRing Brands in a research note on Tuesday, May 7th. Finally, TD Cowen increased their target price on BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.29.

BellRing Brands Price Performance

BRBR traded up $0.07 during trading hours on Tuesday, reaching $51.04. 940,854 shares of the stock traded hands, compared to its average volume of 1,359,074. BellRing Brands, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $62.76. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 1.46 and a beta of 0.84. The firm’s fifty day simple moving average is $56.10 and its two-hundred day simple moving average is $56.87.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $467.22 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. BellRing Brands’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, research analysts predict that BellRing Brands, Inc. will post 1.8 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the transaction, the chairman now owns 215,054 shares in the company, valued at approximately $12,935,498.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

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.