Blue Trust Inc. Grows Stake in BellRing Brands, Inc. (NYSE:BRBR)

Blue Trust Inc. boosted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 274.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,510 shares of the company’s stock after acquiring an additional 1,107 shares during the quarter. Blue Trust Inc.’s holdings in BellRing Brands were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BRBR. Creative Planning raised its position in BellRing Brands by 10.3% in the second quarter. Creative Planning now owns 22,121 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,072 shares during the period. Handelsbanken Fonder AB raised its holdings in BellRing Brands by 13.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,480 shares of the company’s stock worth $2,154,000 after purchasing an additional 4,100 shares during the period. CWM LLC lifted its position in BellRing Brands by 264.3% during the third quarter. CWM LLC now owns 3,927 shares of the company’s stock valued at $238,000 after purchasing an additional 2,849 shares in the last quarter. Carnegie Investment Counsel raised its stake in shares of BellRing Brands by 17.8% in the third quarter. Carnegie Investment Counsel now owns 55,667 shares of the company’s stock worth $3,380,000 after buying an additional 8,423 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of BellRing Brands by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock valued at $796,000 after buying an additional 2,097 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR stock opened at $77.26 on Friday. The firm has a fifty day moving average price of $75.94 and a 200 day moving average price of $66.31. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The firm has a market cap of $9.95 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping 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, equities analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on BRBR shares. Truist Financial raised their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Citigroup lifted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Jefferies Financial Group increased their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stifel Nicolaus boosted their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Three equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.87.

BellRing Brands 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.