Atomi Financial Group Inc. Invests $302,000 in BellRing Brands, Inc. (NYSE:BRBR)

Atomi Financial Group Inc. bought a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,003 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds have also recently bought and sold shares of BRBR. Wasatch Advisors LP boosted its position in BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after buying an additional 494,669 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of BellRing Brands by 9.3% during the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock valued at $285,646,000 after acquiring an additional 380,216 shares during the period. State Street Corp boosted its holdings in BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after acquiring an additional 50,339 shares during the last quarter. Wellington Management Group LLP increased its position in BellRing Brands by 11.4% in the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after purchasing an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. raised 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 worth $157,202,000 after purchasing an additional 457,796 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Trading Down 1.1 %

BellRing Brands stock opened at $75.98 on Monday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90. The stock has a fifty day simple moving average of $75.69 and a two-hundred day simple moving average of $64.91. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.57 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

BRBR has been the topic of several recent research reports. Bank of America raised their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Barclays increased their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI boosted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Stephens increased their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

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.