Pacer Advisors Inc. Has $2.43 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Pacer Advisors Inc. boosted its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,248 shares of the company’s stock after buying an additional 3,535 shares during the period. Pacer Advisors Inc.’s holdings in BellRing Brands were worth $2,430,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BRBR. V Square Quantitative Management LLC bought a new position in BellRing Brands during the third quarter worth $31,000. UMB Bank n.a. increased its holdings in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. Farther Finance Advisors LLC raised its position in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands in the fourth quarter valued at about $52,000. Finally, Truvestments Capital LLC acquired a new stake in BellRing Brands during the third quarter worth about $44,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

Shares of BRBR opened at $77.36 on Friday. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 2.64 and a beta of 0.86. The stock has a fifty day moving average price of $76.03 and a two-hundred day moving average price of $65.50. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $545.00 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BRBR. Jefferies Financial Group raised their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Bank of America lifted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, TD Cowen increased their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.13.

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.