E. Ohman J or Asset Management AB Boosts Position in BellRing Brands, Inc. (NYSE:BRBR)

E. Ohman J or Asset Management AB grew its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 534,616 shares of the company’s stock after purchasing an additional 28,143 shares during the period. BellRing Brands comprises 0.9% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 26th largest holding. E. Ohman J or Asset Management AB’s holdings in BellRing Brands were worth $40,278,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Holocene Advisors LP purchased a new position in BellRing Brands in the 3rd quarter worth approximately $69,998,000. Assenagon Asset Management S.A. lifted its position in shares of 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 in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of BellRing Brands during the third quarter worth $30,699,000. Wasatch Advisors LP boosted its stake in shares of BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after purchasing an additional 494,669 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in BellRing Brands by 21.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after purchasing an additional 457,796 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $78.20 on Tuesday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The business’s fifty day moving average is $76.01 and its two-hundred day moving average is $65.88. The stock has a market capitalization of $10.07 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. On average, research analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BRBR. Deutsche Bank Aktiengesellschaft raised their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Mizuho upped their target price on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.13.

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.