Braun Stacey Associates Inc. Grows Stake in BellRing Brands, Inc. (NYSE:BRBR)

Braun Stacey Associates Inc. boosted its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,606 shares of the company's stock after buying an additional 34,959 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.27% of BellRing Brands worth $25,812,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWM LLC grew its holdings 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. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the third quarter worth $31,000. Lecap Asset Management Ltd. purchased a new position in BellRing Brands in the third quarter worth $1,501,000. International Assets Investment Management LLC purchased a new position in BellRing Brands in the third quarter worth $57,960,000. Finally, E. Ohman J or Asset Management AB purchased a new position in BellRing Brands in the third quarter worth $30,753,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 203,636 shares of company stock valued at $15,581,650. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Stock Performance

NYSE BRBR traded down $1.18 on Friday, reaching $72.99. 1,992,299 shares of the company's stock traded hands, compared to its average volume of 1,169,021. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.34 and a beta of 0.86. The stock has a 50 day moving average price of $75.61 and a 200-day moving average price of $68.36. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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, equities research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BRBR shares. Barclays lifted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Bank of America lifted their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price objective 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. Finally, Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $77.87.

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.