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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in BellRing Brands, Inc. (NYSE:BRBR) by 2.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 668,361 shares of the company’s stock after selling 16,341 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BellRing Brands were worth $40,583,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in shares of BellRing Brands in the second quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 243.1% in the 3rd 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 purchased a new stake in BellRing Brands during the 3rd quarter worth approximately $44,000. Finally, Quarry LP raised 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 during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Evercore ISI upped their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group increased their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.60.

BellRing Brands Price Performance

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

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share 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 during the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current year.

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.