Healthcare of Ontario Pension Plan Trust Fund Grows Stake in BellRing Brands, Inc. (NYSE:BRBR)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 121.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,463 shares of the company’s stock after purchasing an additional 12,311 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BellRing Brands were worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BRBR. D. E. Shaw & Co. Inc. boosted its position in shares of BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after acquiring an additional 847,161 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of BellRing Brands by 665.2% in the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after buying an additional 545,371 shares in the last quarter. E. Ohman J or Asset Management AB bought a new position in BellRing Brands during the third quarter valued at approximately $30,753,000. Champlain Investment Partners LLC purchased a new position in BellRing Brands during the 3rd quarter valued at approximately $30,699,000. Finally, Point72 Asset Management L.P. increased its stake in BellRing Brands by 23.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock worth $121,775,000 after acquiring an additional 402,666 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price objective 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. Stifel Nicolaus upped their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Stephens upped their price objective 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. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.60.

BellRing Brands Trading Up 1.7 %

NYSE BRBR opened at $78.46 on Monday. The stock has a market cap of $10.10 billion, a PE ratio of 41.96, a PEG ratio of 2.63 and a beta of 0.84. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90. The company’s 50-day moving average price is $67.46 and its 200-day moving average price is $59.99.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. As a group, sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current 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.