Wilmington Savings Fund Society FSB Buys Shares of 5,572 BellRing Brands, Inc. (NYSE:BRBR)

Wilmington Savings Fund Society FSB purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,572 shares of the company’s stock, valued at approximately $338,000.

Several other institutional investors and hedge funds also recently modified their holdings of BRBR. Chartwell Investment Partners LLC raised its stake in shares of BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of BellRing Brands by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after acquiring an additional 263 shares during the period. Fifth Third Bancorp boosted its holdings 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 valued at $63,000 after acquiring an additional 374 shares in the last quarter. Finally, Quarry LP increased its stake 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 during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BellRing Brands stock opened at $77.90 on Tuesday. The company has a 50 day moving average price of $71.08 and a 200 day moving average price of $61.50. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $79.90. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 2.59 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of research reports. Stifel Nicolaus increased their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Evercore ISI lifted their target price on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays upped their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $75.60.

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.