Hunter Associates Investment Management LLC boosted its holdings in BellRing Brands, Inc. (NYSE:BRBR – Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,383 shares of the company’s stock after buying an additional 4,053 shares during the period. Hunter Associates Investment Management LLC’s holdings in BellRing Brands were worth $4,318,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC grew its holdings in shares of 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 in the last quarter. UMB Bank n.a. grew its holdings in shares of 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 in the last quarter. Truvestments Capital LLC bought a new stake in shares of BellRing Brands during the third quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands in the fourth quarter valued at $52,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. TD Cowen boosted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Mizuho raised their target price on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Three 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, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $77.13.
BellRing Brands Stock Up 1.2 %
BRBR stock opened at $79.27 on Friday. The business has a fifty day moving average of $75.98 and a 200-day moving average of $65.40. The company has a market cap of $10.21 billion, a P/E ratio of 42.39, a PEG ratio of 2.64 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.
BellRing Brands (NYSE:BRBR – Get Free Report) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than BellRing Brands
- How to Invest in Insurance Companies: A GuideĀ
- 3 Unsung Beneficiaries of the Stargate Project
- 3 Warren Buffett Stocks to Buy Now
- Starbucksā CEO-Led Turnaround Gains Traction: New Highs Likely
- Growth Stocks: What They Are, What They Are Not
- 3 Chemical Stocks Defying Tariff Worries With Growth Potential
Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter.