148,182 BellRing Brands Inc. $BRBR Shares Acquired by Isthmus Partners LLC

Isthmus Partners LLC raised its holdings in BellRing Brands Inc. (NYSE:BRBR) by 108.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 284,751 shares of the company’s stock after acquiring an additional 148,182 shares during the quarter. Isthmus Partners LLC’s holdings in BellRing Brands were worth $2,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in BellRing Brands during the 2nd quarter worth about $42,868,000. Amundi boosted its stake in shares of BellRing Brands by 106.4% during the 1st quarter. Amundi now owns 2,255,734 shares of the company’s stock worth $36,295,000 after buying an additional 1,162,996 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of BellRing Brands by 2,125.3% during the 1st quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock worth $9,499,000 after buying an additional 563,833 shares during the last quarter. Steamboat Capital Partners LLC bought a new position in shares of BellRing Brands in the 2nd quarter valued at about $5,118,000. Finally, Counterpoint Mutual Funds LLC grew its holdings in shares of BellRing Brands by 55.8% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,084,423 shares of the company’s stock valued at $8,339,000 after acquiring an additional 388,319 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Up 6.3%

Shares of BRBR opened at $9.71 on Friday. The company’s fifty day simple moving average is $9.28 and its 200 day simple moving average is $11.04. BellRing Brands Inc. has a 1-year low of $7.33 and a 1-year high of $33.81. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 4.26 and a beta of 0.43.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. As a group, research analysts forecast that BellRing Brands Inc. will post 1.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lowered their target price on BellRing Brands from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. DA Davidson upped their target price on BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. Finally, Stifel Nicolaus raised their price target on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.70.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.