Yorktown Management & Research Co Inc Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Yorktown Management & Research Co Inc acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds have also recently bought and sold shares of the company. E. Ohman J or Asset Management AB increased its stake in shares of BellRing Brands by 5.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 534,616 shares of the company’s stock valued at $40,278,000 after buying an additional 28,143 shares in the last quarter. One Wealth Advisors LLC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at $284,000. SYM FINANCIAL Corp acquired a new stake in shares of BellRing Brands in the fourth quarter valued at $295,000. SeaBridge Investment Advisors LLC increased its stake in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after buying an additional 142 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at $388,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 4.1 %

Shares of BRBR opened at $75.06 on Wednesday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a market cap of $9.67 billion, a P/E ratio of 40.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The stock’s 50-day moving average price is $76.03 and its two-hundred day moving average price is $66.06.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. As a group, equities analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BRBR. Truist Financial raised their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Citigroup raised their target price on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen lifted their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.53.

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.