Motley Fool Asset Management LLC Raises Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Motley Fool Asset Management LLC increased its position in BellRing Brands, Inc. (NYSE:BRBR) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,600 shares of the company’s stock after buying an additional 2,700 shares during the quarter. Motley Fool Asset Management LLC’s holdings in BellRing Brands were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BRBR. Allworth Financial LP raised its position in shares of BellRing Brands by 59.2% in the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after buying an additional 375 shares during the period. Parkside Financial Bank & Trust increased its holdings in BellRing Brands by 108.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock valued at $50,000 after purchasing an additional 636 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in BellRing Brands in the 4th quarter valued at $56,000. Harvest Fund Management Co. Ltd acquired a new stake in BellRing Brands in the 4th quarter valued at $123,000. Finally, Mosaic Family Wealth Partners LLC acquired a new stake in BellRing Brands in the 4th quarter valued at $220,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the transaction, the director now owns 24,646 shares in the company, valued at $1,424,785.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

BellRing Brands Stock Performance

Shares of BRBR traded up $1.08 during mid-day trading on Friday, reaching $56.34. 583,702 shares of the company’s stock traded hands, compared to its average volume of 1,206,633. The business’s 50-day moving average price is $57.68 and its 200-day moving average price is $53.60. The stock has a market capitalization of $7.38 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. BellRing Brands, Inc. has a 12 month low of $34.58 and a 12 month high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $407.91 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. Equities research analysts anticipate that BellRing Brands, Inc. will post 1.67 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BRBR. Needham & Company LLC increased their price target on BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Stifel Nicolaus increased their price target on BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Mizuho increased their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Stephens reiterated an “equal weight” rating and issued a $51.00 price target on shares of BellRing Brands in a report on Tuesday, February 6th. Finally, Citigroup began coverage on BellRing Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $67.00 target price for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

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.