Burney Co. Buys 7,768 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Burney Co. boosted its stake in BellRing Brands, Inc. (NYSE:BRBR) by 4.0% in the fourth quarter, Holdings Channel reports. The firm owned 204,273 shares of the company’s stock after purchasing an additional 7,768 shares during the quarter. Burney Co.’s holdings in BellRing Brands were worth $15,390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Holocene Advisors LP acquired a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $69,998,000. D. E. Shaw & Co. Inc. raised its position in BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after purchasing an additional 847,161 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in BellRing Brands by 200.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock worth $74,781,000 after purchasing an additional 661,774 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of BellRing Brands by 665.2% in the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after purchasing an additional 545,371 shares in the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of BellRing Brands in the 3rd quarter valued at $30,753,000. Institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRBR shares. Citigroup raised their price objective on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Mizuho raised their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Barclays increased their target price on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, DA Davidson reiterated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

BellRing Brands Stock Performance

BRBR stock opened at $72.80 on Wednesday. The stock’s 50 day simple moving average is $75.12 and its 200 day simple moving average is $64.06. The company has a market cap of $9.38 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. Equities analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share 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.