Hancock Whitney Corp Invests $603,000 in BellRing Brands, Inc. (NYSE:BRBR)

Hancock Whitney Corp purchased a new position in BellRing Brands, Inc. (NYSE:BRBR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,932 shares of the company’s stock, valued at approximately $603,000.

Other institutional investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. increased its position in shares of BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after acquiring an additional 847,161 shares during the period. Squarepoint Ops LLC increased its holdings in BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after purchasing an additional 545,371 shares during the period. E. Ohman J or Asset Management AB purchased a new position in BellRing Brands during the 3rd quarter worth $30,753,000. Champlain Investment Partners LLC bought a new stake in BellRing Brands during the 3rd quarter valued at $30,699,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of BellRing Brands by 23.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock worth $121,775,000 after buying an additional 402,666 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BRBR. Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Mizuho increased their target price on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Performance

NYSE:BRBR opened at $78.79 on Wednesday. The stock has a market capitalization of $10.18 billion, a PE ratio of 42.13, a P/E/G ratio of 2.64 and a beta of 0.84. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90. The company has a fifty day moving average of $66.39 and a two-hundred day moving average of $59.61.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Research analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current 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.