Braun Stacey Associates Inc. Buys 34,959 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Braun Stacey Associates Inc. lifted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,606 shares of the company’s stock after buying an additional 34,959 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.27% of BellRing Brands worth $25,812,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in BellRing Brands during the third quarter worth $31,000. UMB Bank n.a. increased its stake in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the period. Farther Finance Advisors LLC lifted its position in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the fourth quarter worth approximately $52,000. Finally, Truvestments Capital LLC acquired a new stake in BellRing Brands in the third quarter valued at $44,000. 94.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BRBR. Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stifel Nicolaus boosted their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Bank of America raised their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Truist Financial upped their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Three 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.87.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now directly owns 1,110,004 shares in the company, valued at $85,370,407.64. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Down 1.3 %

Shares of BRBR opened at $76.55 on Tuesday. The stock has a market capitalization of $9.86 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.34 and a beta of 0.86. The company has a 50 day moving average of $75.79 and a 200-day moving average of $67.72. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal 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.