Burney Co. Acquires 7,768 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Burney Co. lifted its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,273 shares of the company's stock after purchasing an additional 7,768 shares during the period. Burney Co. owned about 0.16% of BellRing Brands worth $15,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new stake in BellRing Brands during the 2nd quarter worth about $206,000. Oppenheimer Asset Management Inc. lifted its stake in BellRing Brands by 48.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 41,702 shares of the company's stock valued at $2,383,000 after acquiring an additional 13,583 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of BellRing Brands by 33.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 203,732 shares of the company's stock valued at $11,641,000 after purchasing an additional 51,498 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of BellRing Brands during the 2nd quarter worth about $1,000,000. Finally, Dimensional Fund Advisors LP boosted its position in BellRing Brands by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock worth $138,482,000 after purchasing an additional 86,992 shares during the period. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective 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 raised their target price on BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, November 20th. Finally, Evercore ISI upped their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.67.

BellRing Brands Trading Up 0.3 %

NYSE BRBR traded up $0.21 on Wednesday, reaching $72.89. The company's stock had a trading volume of 903,027 shares, compared to its average volume of 1,104,057. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $79.90. The firm has a market cap of $9.39 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. The business has a 50-day moving average price of $75.12 and a 200 day moving average price of $64.06.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

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.