Hodges Capital Management Inc. Increases Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Hodges Capital Management Inc. boosted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 126,136 shares of the company’s stock after buying an additional 531 shares during the period. Hodges Capital Management Inc. owned approximately 0.10% of BellRing Brands worth $7,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRBR. Hanseatic Management Services Inc. boosted its position in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after buying an additional 263 shares during the period. Bessemer Group Inc. increased its stake in BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after purchasing an additional 276 shares during the period. Spire Wealth Management lifted its position in shares of BellRing Brands by 40.0% during the fourth quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after purchasing an additional 300 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after purchasing an additional 361 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 0.3 %

Shares of NYSE BRBR traded up $0.17 during trading hours on Wednesday, hitting $55.73. 118,790 shares of the stock were exchanged, compared to its average volume of 1,304,385. BellRing Brands, Inc. has a 12 month low of $39.90 and a 12 month high of $62.76. The firm has a fifty day moving average price of $54.29 and a 200-day moving average price of $56.51. The company has a market cap of $7.20 billion, a PE ratio of 38.58, a PEG ratio of 1.47 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities analysts anticipate that BellRing Brands, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BRBR has been the subject of several research reports. Evercore ISI boosted their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. dropped their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Barclays lifted their target price on BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. TD Cowen increased their price target on BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Mizuho lifted their price objective on BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average target price of $62.64.

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.