Savant Capital LLC Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Savant Capital LLC bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 29,298 shares of the company’s stock, valued at approximately $2,207,000.

Several other large investors have also modified their holdings of BRBR. CWM LLC grew its position in BellRing Brands by 264.3% in the 3rd quarter. CWM LLC now owns 3,927 shares of the company’s stock valued at $238,000 after buying an additional 2,849 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of BellRing Brands by 19.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock worth $796,000 after acquiring an additional 2,097 shares during the period. nVerses Capital LLC purchased a new stake in shares of BellRing Brands in the third quarter valued at about $419,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the third quarter worth about $31,000. Finally, Lecap Asset Management Ltd. purchased a new position in BellRing Brands during the third quarter worth about $1,501,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR stock opened at $76.87 on Thursday. The company’s 50 day simple moving average is $75.85 and its 200-day simple moving average is $67.17. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The firm has a market capitalization of $9.90 billion, a PE ratio of 36.09, a P/E/G ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 3rd. The company reported $0.58 EPS 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%. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report 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 report on Wednesday, January 8th. 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. Bank of America boosted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial increased their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.07% of the company’s stock.

BellRing Brands Company 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.