Miracle Mile Advisors LLC Purchases New Shares in BellRing Brands, Inc. (NYSE:BRBR)

Miracle Mile Advisors LLC acquired a new position in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,828 shares of the company’s stock, valued at approximately $816,000.

A number of other institutional investors have also recently bought and sold shares of the business. Braun Stacey Associates Inc. bought a new position in BellRing Brands during the 3rd quarter worth $18,680,000. Dimensional Fund Advisors LP lifted its position in shares of BellRing Brands by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock valued at $138,482,000 after acquiring an additional 86,992 shares during the period. AQR Capital Management LLC grew its holdings in shares of BellRing Brands by 72.3% during the 2nd quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock worth $30,419,000 after purchasing an additional 223,430 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after purchasing an additional 333,287 shares during the period. Finally, Banco Santander S.A. acquired a new position in BellRing Brands in the third quarter valued at about $672,000. Institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho raised their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Evercore ISI lifted their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Citigroup upped their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $76.67.

BellRing Brands Stock Up 0.3 %

Shares of BellRing Brands stock opened at $72.89 on Thursday. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 38.98, a P/E/G ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $79.90. The company’s fifty day moving average is $75.12 and its 200 day moving average is $64.06.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, equities 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.