Janney Montgomery Scott LLC Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Janney Montgomery Scott LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,123 shares of the company’s stock, valued at approximately $1,064,000.

A number of other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in BellRing Brands during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 474 shares during the period. UMB Bank n.a. lifted its holdings in BellRing Brands by 69.4% during the 4th 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 in the 3rd quarter worth about $44,000. Finally, Assetmark Inc. grew its holdings in BellRing Brands by 53.9% during the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock valued at $118,000 after buying an additional 682 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Up 2.1 %

NYSE BRBR opened at $76.53 on Thursday. The company has a 50-day simple moving average of $75.96 and a two-hundred day simple moving average of $66.23. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 2.61 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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. Equities analysts expect that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays raised their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup increased their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. TD Cowen upped their target price 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, Stifel Nicolaus raised their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.53.

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.