Andina Capital Management LLC Has $622,000 Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Andina Capital Management LLC lifted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 10.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,260 shares of the company’s stock after buying an additional 801 shares during the quarter. Andina Capital Management LLC’s holdings in BellRing Brands were worth $622,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BRBR. V Square Quantitative Management LLC acquired a new stake in BellRing Brands in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares in the last quarter. UMB Bank n.a. raised its stake in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares in the last quarter. Truvestments Capital LLC acquired a new stake in BellRing Brands in the 3rd quarter worth about $44,000. Finally, Quarry LP raised its stake in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR opened at $75.98 on Friday. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.57 and a beta of 0.86. The company’s 50 day moving average price is $75.69 and its two-hundred day moving average price is $64.84.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 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 firm posted $0.41 EPS. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities research analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Wall Street Analyst Weigh In

BRBR has been the subject of several analyst reports. Bank of America lifted their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays boosted their target price 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. TD Cowen boosted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.67.

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.