SeaBridge Investment Advisors LLC Purchases 142 Shares of BellRing Brands, Inc. (NYSE:BRBR)

SeaBridge Investment Advisors LLC grew its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,746 shares of the company’s stock after buying an additional 142 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in BellRing Brands were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRBR. Fifth Third Bancorp grew its position in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after buying an additional 153 shares during the period. Chartwell Investment Partners LLC grew its position in shares of BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares during the period. UMB Bank n.a. increased its stake in shares of BellRing Brands by 69.4% during the 4th 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. Fifth Third Wealth Advisors LLC raised its holdings in shares of BellRing Brands by 6.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,669 shares of the company’s stock worth $352,000 after purchasing an additional 266 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of BellRing Brands by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,386 shares of the company’s stock worth $1,009,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Truist Financial boosted their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup lifted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America boosted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $77.13.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $77.36 on Friday. The company has a market capitalization of $9.96 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 2.64 and a beta of 0.86. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The business’s fifty day moving average is $76.01 and its 200 day moving average is $65.68.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

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.