Blue Trust Inc. Buys 1,107 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Blue Trust Inc. boosted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 274.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,510 shares of the company’s stock after buying an additional 1,107 shares during the quarter. Blue Trust Inc.’s holdings in BellRing Brands were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Creative Planning lifted its holdings in shares of BellRing Brands by 10.3% in the 2nd quarter. Creative Planning now owns 22,121 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,072 shares during the last quarter. Handelsbanken Fonder AB raised its position in BellRing Brands by 13.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,480 shares of the company’s stock worth $2,154,000 after purchasing an additional 4,100 shares during the period. CWM LLC lifted its stake in BellRing Brands by 264.3% in the third quarter. CWM LLC now owns 3,927 shares of the company’s stock worth $238,000 after purchasing an additional 2,849 shares during the last quarter. Carnegie Investment Counsel boosted its position in shares of BellRing Brands by 17.8% during the third quarter. Carnegie Investment Counsel now owns 55,667 shares of the company’s stock valued at $3,380,000 after buying an additional 8,423 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of BellRing Brands by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock valued at $796,000 after buying an additional 2,097 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

BRBR has been the subject of a number of research analyst reports. TD Cowen raised their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Citigroup lifted their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Evercore ISI upped their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands Price Performance

Shares of BRBR stock opened at $77.26 on Friday. The stock’s 50-day moving average is $75.94 and its 200 day moving average is $66.31. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a market cap of $9.95 billion, a P/E ratio of 41.32, a PEG ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. On average, analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current 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.