Stephens Investment Management Group LLC Decreases Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Stephens Investment Management Group LLC cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,444,132 shares of the company’s stock after selling 120,493 shares during the period. BellRing Brands comprises approximately 1.5% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 8th biggest position. Stephens Investment Management Group LLC owned 1.12% of BellRing Brands worth $108,801,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands during the third quarter valued at about $31,000. Farther Finance Advisors LLC raised its stake in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the third quarter worth $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BRBR shares. Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Stephens reiterated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Price Performance

BRBR opened at $76.49 on Friday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 2.34 and a beta of 0.86. The firm’s fifty day moving average price is $75.91 and its two-hundred day moving average price is $66.56.

BellRing Brands (NYSE:BRBR) last issued its quarterly 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 EPS for the current year.

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.