SYM FINANCIAL Corp Invests $295,000 in BellRing Brands, Inc. (NYSE:BRBR)

SYM FINANCIAL Corp purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,909 shares of the company’s stock, valued at approximately $295,000.

A number of other hedge funds have also recently added to or reduced their stakes in BRBR. SeaBridge Investment Advisors LLC grew its position in BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after acquiring an additional 142 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in BellRing Brands in the fourth quarter worth $388,000. Hunter Associates Investment Management LLC boosted its holdings in BellRing Brands by 7.6% in the fourth quarter. Hunter Associates Investment Management LLC now owns 57,383 shares of the company’s stock worth $4,318,000 after purchasing an additional 4,053 shares in the last quarter. R Squared Ltd bought a new position in BellRing Brands during the fourth quarter valued at about $156,000. Finally, Pacer Advisors Inc. lifted its position in shares of BellRing Brands by 12.3% in the fourth quarter. Pacer Advisors Inc. now owns 32,248 shares of the company’s stock worth $2,430,000 after buying an additional 3,535 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BRBR. Bank of America increased their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. DA Davidson reiterated a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Barclays lifted their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $77.13.

BellRing Brands Stock Down 2.6 %

Shares of BRBR opened at $77.36 on Monday. The stock’s 50-day moving average price is $76.01 and its 200 day moving average price is $65.78. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 41.37, a P/E/G ratio of 2.64 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million for 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 quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. Equities research 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.