Capital Performance Advisors LLP Purchases 3,809 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Capital Performance Advisors LLP increased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 5,520.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,878 shares of the company's stock after acquiring an additional 3,809 shares during the quarter. Capital Performance Advisors LLP's holdings in BellRing Brands were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter worth $31,000. Farther Finance Advisors LLC raised its position in shares of BellRing Brands by 243.1% in 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after purchasing an additional 234 shares during the period. Truvestments Capital LLC bought a new stake in shares of BellRing Brands during the third quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the fourth quarter worth $52,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BRBR. Stephens reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lifted their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.87.

BellRing Brands Price Performance

NYSE BRBR traded down $3.38 during trading hours on Thursday, hitting $74.01. The company's stock had a trading volume of 1,430,520 shares, compared to its average volume of 1,144,073. The company has a market cap of $9.49 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. The company's 50 day simple moving average is $75.79 and its two-hundred day simple moving average is $68.16. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

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

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction 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 completion of the sale, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 156,870 shares of company stock valued at $12,087,294. 1.07% of the stock is owned by company insiders.

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.