FourThought Financial Partners LLC Invests $227,000 in BellRing Brands, Inc. (NYSE:BRBR)

FourThought Financial Partners LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,015 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the period. UMB Bank n.a. raised its stake in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of BellRing Brands during the third quarter worth about $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands in the fourth quarter valued at approximately $52,000. Finally, Fifth Third Bancorp increased its holdings in BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on BRBR shares. Truist Financial lifted their price objective 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. Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Barclays raised 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and an average price target of $77.87.

Insider Transactions at BellRing Brands

In related news, Director Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 818,180 shares of the company’s stock, valued at approximately $59,776,230.80. This represents a 1.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 218,636 shares of company stock valued at $16,677,550 over the last 90 days. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Trading Down 1.1 %

NYSE:BRBR opened at $71.44 on Thursday. The stock has a 50 day moving average of $75.33 and a two-hundred day moving average of $68.85. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The firm has a market cap of $9.16 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands Company 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.