GAMMA Investing LLC Has $156,000 Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

GAMMA Investing LLC grew its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 134.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,064 shares of the company’s stock after buying an additional 1,184 shares during the quarter. GAMMA Investing LLC’s holdings in BellRing Brands were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP increased its position in BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after acquiring an additional 494,669 shares during the period. Franklin Resources Inc. grew its position in shares of BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after purchasing an additional 380,216 shares in the last quarter. State Street Corp increased its holdings in shares of BellRing Brands by 1.3% during the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after purchasing an additional 50,339 shares during the period. Wellington Management Group LLP raised its position in shares of BellRing Brands by 11.4% in the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock valued at $167,388,000 after buying an additional 281,667 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after buying an additional 457,796 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. 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. Stifel Nicolaus boosted their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. TD Cowen increased their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $72.44 on Thursday. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $79.90. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 2.59 and a beta of 0.86. The firm has a 50 day simple moving average of $74.72 and a 200 day simple moving average of $63.61.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. BellRing Brands’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current year.

BellRing Brands 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.