RFG Advisory LLC Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

RFG Advisory LLC acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,036 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in BellRing Brands during the third quarter worth $31,000. Farther Finance Advisors LLC boosted its position in shares of BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. UMB Bank n.a. raised its position in BellRing Brands by 69.4% in 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 in the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands during the third quarter worth about $44,000. Finally, Quarry LP boosted its holdings in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BRBR. Stifel Nicolaus increased their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup boosted their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Mizuho increased their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. TD Cowen upped their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Truist Financial lifted their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.67.

BellRing Brands Stock Down 1.3 %

BRBR stock opened at $78.11 on Wednesday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.06. The company has a market cap of $10.06 billion, a P/E ratio of 41.77, a PEG ratio of 2.57 and a beta of 0.86. The business has a fifty day moving average of $75.80 and a 200-day moving average of $65.15.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. As a group, equities research 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.