Asset Management One Co. Ltd. Reduces Position in BellRing Brands, Inc. (NYSE:BRBR)

Asset Management One Co. Ltd. lessened its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,413 shares of the company’s stock after selling 343 shares during the period. Asset Management One Co. Ltd.’s holdings in BellRing Brands were worth $564,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BRBR. Farther Finance Advisors LLC grew 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 purchasing an additional 474 shares during the last quarter. UMB Bank n.a. grew its position in 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. Truvestments Capital LLC purchased a new stake in BellRing Brands during the 3rd quarter worth approximately $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands during the 4th quarter worth approximately $52,000. Finally, Fifth Third Bancorp grew its position in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Mizuho boosted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Evercore ISI lifted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Price Performance

BRBR opened at $74.01 on Friday. The firm has a fifty day moving average price of $75.72 and a 200 day moving average price of $68.20. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a market cap of $9.49 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.34 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 net margin of 13.32% and a negative return on equity of 130.14%. Equities analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 28,453 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 156,870 shares of company stock valued at $12,087,294. 1.07% of the stock is owned by corporate insiders.

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.