Rhumbline Advisers Purchases 3,656 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Rhumbline Advisers increased its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,026 shares of the company's stock after purchasing an additional 3,656 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of BellRing Brands worth $26,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position 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 acquiring an additional 234 shares during the period. Farther Finance Advisors LLC boosted its position in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after acquiring an additional 474 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the 4th quarter worth about $52,000. Truvestments Capital LLC acquired a new stake in BellRing Brands during the 3rd quarter worth about $44,000. Finally, Fifth Third Bancorp boosted its position in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BRBR shares. Truist Financial lifted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, November 20th. Bank of America lifted their price target on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Mizuho lifted their price target on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, TD Cowen lifted their price target on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.87.

BellRing Brands Stock Down 1.5 %

NYSE BRBR traded down $1.11 during trading on Friday, hitting $73.05. The company's stock had a trading volume of 874,940 shares, compared to its average volume of 1,133,753. The firm has a 50 day moving average price of $75.72 and a 200 day moving average price of $68.20. The firm has a market cap of $9.37 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, equities analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares of the company's stock, valued at $87,851,832.30. The trade was a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 156,870 shares of company stock valued at $12,087,294 in the last three months. Company 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.