Jag Capital Management LLC Sells 441 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Jag Capital Management LLC reduced its position in BellRing Brands, Inc. (NYSE:BRBR) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in 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 acquiring an additional 234 shares in the last quarter. Farther Finance Advisors LLC raised its stake in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands during the fourth quarter worth $52,000. Truvestments Capital LLC acquired a new position in BellRing Brands during the third quarter worth $44,000. Finally, Fifth Third Bancorp raised its stake in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Down 2.6 %

BellRing Brands stock opened at $71.36 on Tuesday. The business’s 50-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 price-to-earnings ratio of 33.50, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the transaction, the director now owns 818,180 shares in the company, valued at approximately $59,776,230.80. This trade represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 218,636 shares of company stock worth $16,677,550. Insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent analyst reports. Barclays increased 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. Truist Financial increased their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised 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. Jefferies Financial Group raised their target price on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Mizuho raised their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $77.87.

About BellRing Brands

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.