Sanctuary Advisors LLC Buys 1,185 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Sanctuary Advisors LLC increased its stake in BellRing Brands, Inc. (NYSE:BRBR) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,413 shares of the company’s stock after purchasing an additional 1,185 shares during the quarter. Sanctuary Advisors LLC’s holdings in BellRing Brands were worth $668,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP grew its stake in BellRing Brands by 5,520.3% in the 4th quarter. Capital Performance Advisors LLP now owns 3,878 shares of the company’s stock valued at $292,000 after buying an additional 3,809 shares in the last quarter. Nkcfo LLC purchased a new position in BellRing Brands in the 4th quarter valued at approximately $301,000. Vista Finance LLC purchased a new position in BellRing Brands in the 4th quarter valued at approximately $285,000. Rhumbline Advisers grew its stake in BellRing Brands by 1.1% in the 4th quarter. Rhumbline Advisers now owns 346,026 shares of the company’s stock valued at $26,070,000 after buying an additional 3,656 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in BellRing Brands by 160.5% in the 4th quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock valued at $79,000 after buying an additional 647 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 4.1 %

BRBR opened at $73.36 on Friday. The stock has a market cap of $9.41 billion, a PE ratio of 34.44, a P/E/G ratio of 2.24 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 simple moving average is $75.13 and its 200 day simple moving average is $68.99.

BellRing Brands (NYSE:BRBR) last released its earnings results 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 negative return on equity of 130.14% and a net margin of 13.32%. As a group, equities analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares in the company, valued at $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 218,636 shares of company stock worth $16,677,550 over the last three months. Company insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BRBR. 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. Barclays upped their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Stephens reaffirmed an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen upped their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Truist Financial upped their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.87.

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.