BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP increased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,943 shares of the company’s stock after purchasing an additional 772 shares during the period. Aigen Investment Management LP’s holdings in BellRing Brands were worth $1,050,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Braun Stacey Associates Inc. acquired a new position in BellRing Brands in the 3rd quarter valued at $18,680,000. Charles Schwab Investment Management Inc. raised its holdings in BellRing Brands by 35.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after acquiring an additional 333,287 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in BellRing Brands by 152.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock valued at $1,264,000 after acquiring an additional 10,117 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of BellRing Brands during the 3rd quarter worth $672,000. Finally, Empowered Funds LLC increased its holdings in shares of BellRing Brands by 151.4% during the 3rd quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock worth $4,241,000 after buying an additional 42,059 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Price Performance

NYSE:BRBR opened at $72.67 on Thursday. The firm has a 50-day moving average of $74.84 and a two-hundred day moving average of $69.45. The stock has a market cap of $9.32 billion, a P/E ratio of 34.12, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 218,636 shares of company stock valued at $16,677,550 in the last ninety days. Insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BRBR shares. Mizuho upped their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Evercore ISI upped their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.87.

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.