Jag Capital Management LLC Has $257,000 Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Jag Capital Management LLC cut its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 11.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,414 shares of the company’s stock after selling 441 shares during the quarter. Jag Capital Management LLC’s holdings in BellRing Brands were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its stake in BellRing Brands by 18.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company’s stock valued at $159,000 after acquiring an additional 332 shares in the last quarter. DJE Kapital AG bought a new stake in BellRing Brands in the 4th quarter valued at approximately $3,434,000. Proficio Capital Partners LLC bought a new stake in BellRing Brands in the 4th quarter valued at approximately $4,660,000. Allegiance Financial Group Advisory Services LLC bought a new stake in BellRing Brands in the 4th quarter valued at approximately $243,000. Finally, Argonautica Private Wealth Management Inc. lifted its stake in BellRing Brands by 3.0% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after acquiring an additional 185 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 2.6 %

BRBR opened at $71.36 on Tuesday. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The stock’s fifty day simple moving average is $75.04 and its 200 day simple moving average is $69.31. The stock has a market cap of $9.15 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results 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 negative return on equity of 130.14% and a net margin of 13.32%. Equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the transaction, the director now directly owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BRBR. Bank of America boosted their target price on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Stifel Nicolaus boosted their target price on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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 note on Wednesday, January 8th. Finally, Barclays upped their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus target price 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.