Orion Portfolio Solutions LLC Sells 3,668 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Orion Portfolio Solutions LLC trimmed its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 17.4% in the third quarter, HoldingsChannel.com reports. The fund owned 17,404 shares of the company’s stock after selling 3,668 shares during the period. Orion Portfolio Solutions LLC’s holdings in BellRing Brands were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of BRBR. Chartwell Investment Partners LLC increased its stake in shares of BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in 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 buying an additional 242 shares during the last quarter. Hanseatic Management Services Inc. raised its stake 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 valued at $828,000 after buying an additional 263 shares during the period. Fifth Third Bancorp lifted its position in shares of BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after buying an additional 374 shares during the last quarter. Finally, Quarry LP lifted its position in shares of BellRing Brands by 65.3% during 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. 94.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Mizuho boosted their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Barclays boosted their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Citigroup raised their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Bank of America increased their target price on BellRing Brands from $75.00 to $82.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Up 0.0 %

NYSE BRBR opened at $78.00 on Monday. The company has a 50-day simple moving average of $70.76 and a two-hundred day simple moving average of $61.36. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued 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. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. During the same period in the prior year, the business posted $0.41 EPS. BellRing Brands’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities analysts expect that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

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.