Point72 Hong Kong Ltd Lowers Position in BellRing Brands, Inc. (NYSE:BRBR)

Point72 Hong Kong Ltd decreased its position in BellRing Brands, Inc. (NYSE:BRBR) by 7.5% in the third quarter, Holdings Channel.com reports. The firm owned 17,024 shares of the company’s stock after selling 1,390 shares during the quarter. Point72 Hong Kong Ltd’s holdings in BellRing Brands were worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after acquiring an additional 615 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of BellRing Brands by 129.9% during the second quarter. First Hawaiian Bank now owns 14,613 shares of the company’s stock valued at $835,000 after purchasing an additional 8,256 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands during the second quarter valued at approximately $28,000. M&G Plc boosted its position in shares of BellRing Brands by 12.4% in the 2nd quarter. M&G Plc now owns 157,181 shares of the company’s stock worth $8,959,000 after purchasing an additional 17,383 shares in the last quarter. Finally, Andina Capital Management LLC grew its stake in shares of BellRing Brands by 14.2% in the 2nd quarter. Andina Capital Management LLC now owns 6,936 shares of the company’s stock worth $396,000 after buying an additional 862 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR stock opened at $78.46 on Monday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The company has a market cap of $10.10 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 2.63 and a beta of 0.84. The stock’s fifty day moving average price is $67.46 and its 200-day moving average price is $59.99.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $555.80 million for 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%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. As a group, analysts expect that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stephens lifted their price objective on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. dropped their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup upped their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group raised their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.