Entropy Technologies LP Has $2.30 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Entropy Technologies LP grew its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,575 shares of the company’s stock after buying an additional 6,798 shares during the period. Entropy Technologies LP’s holdings in BellRing Brands were worth $2,304,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Holocene Advisors LP bought a new stake in shares of BellRing Brands during the third quarter worth approximately $69,998,000. Assenagon Asset Management S.A. boosted its stake in BellRing Brands by 200.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock valued at $74,781,000 after purchasing an additional 661,774 shares during the period. E. Ohman J or Asset Management AB acquired a new position in BellRing Brands in the 3rd quarter valued at $30,753,000. Champlain Investment Partners LLC bought a new position in BellRing Brands during the 3rd quarter worth $30,699,000. Finally, Wasatch Advisors LP lifted its holdings in shares of BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after buying an additional 494,669 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Trading Down 1.0 %

BRBR opened at $76.49 on Monday. The company has a market cap of $9.85 billion, a P/E ratio of 35.91, a PEG ratio of 2.34 and a beta of 0.86. The company’s 50 day moving average is $75.91 and its 200-day moving average is $66.68. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, equities analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stephens restated an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. TD Cowen raised their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Mizuho boosted their price target on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday. Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands 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.