Allegiance Financial Group Advisory Services LLC Acquires Shares of 3,230 BellRing Brands, Inc. (NYSE:BRBR)

Allegiance Financial Group Advisory Services LLC purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,230 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors also recently modified their holdings of BRBR. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BellRing Brands during the 3rd quarter worth approximately $228,000. DekaBank Deutsche Girozentrale bought a new position in BellRing Brands during the 3rd quarter worth approximately $422,000. State of Alaska Department of Revenue boosted its stake in BellRing Brands by 5.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,003 shares of the company’s stock worth $910,000 after acquiring an additional 805 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in BellRing Brands during the 3rd quarter worth approximately $433,000. Finally, Oak Ridge Investments LLC boosted its stake in BellRing Brands by 2.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 126,836 shares of the company’s stock worth $7,701,000 after acquiring an additional 3,224 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the transaction, the director now directly owns 818,180 shares in the company, valued at approximately $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 218,636 shares of company stock worth $16,677,550. Insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BRBR shares. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Mizuho lifted their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Stifel Nicolaus lifted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands Stock Down 1.1 %

Shares of BRBR stock opened at $71.44 on Thursday. The company’s fifty day simple moving average is $75.33 and its 200-day simple moving average is $68.85. The firm has a market cap of $9.16 billion, a PE ratio of 33.54, a P/E/G ratio of 2.24 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 announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS 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, equities analysts predict 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.