Paloma Partners Management Co Sells 59,320 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Paloma Partners Management Co decreased its position in BellRing Brands, Inc. (NYSE:BRBR) by 54.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after selling 59,320 shares during the period. Paloma Partners Management Co’s holdings in BellRing Brands were worth $3,036,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Chartwell Investment Partners LLC lifted its stake in BellRing Brands by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of BellRing Brands by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after purchasing an additional 242 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in shares of BellRing Brands by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after purchasing an additional 263 shares in the last quarter. Fifth Third Bancorp grew its position in BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares in the last quarter. Finally, Quarry LP increased its stake in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $78.46 on Monday. The company has a market capitalization of $10.10 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.63 and a beta of 0.84. The business’s 50 day simple moving average is $67.46 and its 200 day simple moving average is $59.99. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its quarterly 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. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on BRBR shares. Mizuho increased their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stephens raised their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Finally, Stifel Nicolaus boosted their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.