BellRing Brands, Inc. (NYSE:BRBR) Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 25.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 901,423 shares of the company’s stock after selling 302,065 shares during the period. Principal Financial Group Inc.’s holdings in BellRing Brands were worth $54,734,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in BellRing Brands in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 474 shares during the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the third quarter valued at about $44,000. Quarry LP grew its holdings in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in BellRing Brands by 51.4% during 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 and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $76.10 on Monday. The business has a 50 day simple moving average of $72.21 and a 200 day simple moving average of $61.97. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $79.90. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 40.70, a PEG ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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 negative return on equity of 103.89% and a net margin of 12.35%. The business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same period last year, the company earned $0.41 earnings per share. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Jefferies Financial Group lifted their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and an average price target 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.