BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by Blue Trust Inc.

Blue Trust Inc. boosted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 160.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,050 shares of the company’s stock after buying an additional 647 shares during the quarter. Blue Trust Inc.’s holdings in BellRing Brands were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BRBR. Savant Capital LLC purchased a new stake in shares of BellRing Brands in the 4th quarter valued at $2,207,000. Stephens Inc. AR acquired a new position in BellRing Brands in the 4th quarter valued at about $266,000. Entropy Technologies LP increased its stake in BellRing Brands by 28.6% during the fourth quarter. Entropy Technologies LP now owns 30,575 shares of the company’s stock worth $2,304,000 after purchasing an additional 6,798 shares during the period. Empowered Funds LLC lifted its position in shares of BellRing Brands by 6.9% during the fourth quarter. Empowered Funds LLC now owns 74,649 shares of the company’s stock worth $5,624,000 after purchasing an additional 4,805 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of BellRing Brands in the fourth quarter valued at approximately $10,542,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BRBR shares. Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. TD Cowen upped their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Truist Financial increased their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Mizuho boosted their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group increased their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Stock Down 1.6 %

BRBR stock opened at $72.99 on Monday. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The business has a 50 day moving average price of $75.61 and a 200 day moving average price of $68.58.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert V. Vitale sold 46,766 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $74.72, for a total transaction of $3,494,355.52. Following the transaction, the director now directly owns 848,180 shares in the company, valued at approximately $63,376,009.60. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 203,636 shares of company stock valued at $15,581,650 over the last quarter. Company insiders own 1.07% of the company’s stock.

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.