PDT Partners LLC Has $1.16 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

PDT Partners LLC decreased its stake in BellRing Brands, Inc. (NYSE:BRBR) by 59.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,159 shares of the company’s stock after selling 28,444 shares during the quarter. PDT Partners LLC’s holdings in BellRing Brands were worth $1,163,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BRBR. Opal Wealth Advisors LLC acquired a new stake in shares of BellRing Brands in the 2nd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in BellRing Brands in the third quarter valued at about $31,000. Farther Finance Advisors LLC grew its stake in BellRing Brands by 243.1% during the third 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 acquired a new stake in shares of BellRing Brands during the third quarter worth approximately $44,000. Finally, Quarry LP raised its stake in shares of BellRing Brands by 65.3% in 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. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BRBR. Stifel Nicolaus increased their price target on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stephens increased their target price on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Evercore ISI increased their price objective 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. Finally, Citigroup raised their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.60.

BellRing Brands Stock Up 1.7 %

BRBR stock opened at $78.46 on Monday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month 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 business’s fifty day moving average is $67.46 and its 200-day moving average is $59.99.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Research analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

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.