UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 16,341 Shares of BellRing Brands, Inc. (NYSE:BRBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,361 shares of the company’s stock after selling 16,341 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.52% of BellRing Brands worth $40,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in BellRing Brands during the 2nd quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in BellRing Brands in the third quarter worth about $31,000. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter worth about $44,000. Finally, Quarry LP increased its holdings in shares of BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 0.9 %

BellRing Brands stock opened at $76.90 on Wednesday. The firm has a market cap of $9.90 billion, a PE ratio of 41.12, a P/E/G ratio of 2.60 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90. The stock’s 50 day simple moving average is $68.12 and its two-hundred day simple moving average is $60.27.

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

Analysts Set New Price Targets

BRBR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Barclays upped their target price on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $75.60.

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.