Raymond James & Associates Has $2.19 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Raymond James & Associates lowered its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 20.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,791 shares of the company’s stock after selling 15,698 shares during the quarter. Raymond James & Associates’ holdings in BellRing Brands were worth $2,188,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BRBR. Ziegler Capital Management LLC increased its stake in BellRing Brands by 741.2% in the 2nd quarter. Ziegler Capital Management LLC now owns 177,577 shares of the company’s stock valued at $6,500,000 after buying an additional 156,467 shares during the period. Vontobel Holding Ltd. increased its stake in BellRing Brands by 243.3% in the 2nd quarter. Vontobel Holding Ltd. now owns 86,926 shares of the company’s stock valued at $3,181,000 after buying an additional 61,603 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in BellRing Brands in the 2nd quarter valued at approximately $342,000. Artemis Investment Management LLP acquired a new position in BellRing Brands in the 2nd quarter valued at approximately $26,498,000. Finally, Teacher Retirement System of Texas increased its stake in BellRing Brands by 270.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 124,597 shares of the company’s stock valued at $4,560,000 after buying an additional 90,945 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

BellRing Brands Trading Down 2.2 %

NYSE BRBR opened at $42.81 on Monday. The company has a fifty day simple moving average of $41.56 and a 200 day simple moving average of $38.03. The company has a market cap of $5.63 billion, a P/E ratio of 37.55, a P/E/G ratio of 1.83 and a beta of 0.80. BellRing Brands, Inc. has a 1 year low of $21.60 and a 1 year high of $44.91.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. BellRing Brands had a net margin of 9.73% and a negative return on equity of 44.58%. The firm had revenue of $445.90 million during the quarter, compared to the consensus estimate of $439.90 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 20.3% on a year-over-year basis. Equities research analysts forecast that BellRing Brands, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BRBR shares. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 8th. Morgan Stanley upped their price objective on shares of BellRing Brands from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Barclays boosted their target price on shares of BellRing Brands from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America boosted their target price on shares of BellRing Brands from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Stephens downgraded shares of BellRing Brands from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $45.00 to $47.00 in a research report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $42.00.

BellRing Brands Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.