DJE Kapital AG Purchases Shares of 45,600 BellRing Brands, Inc. (NYSE:BRBR)

DJE Kapital AG purchased a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,600 shares of the company's stock, valued at approximately $3,434,000.

A number of other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in BellRing Brands during the 3rd quarter valued at $228,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of BellRing Brands during the third quarter valued at $422,000. State of Alaska Department of Revenue boosted its stake in shares of BellRing Brands by 5.7% during the third quarter. State of Alaska Department of Revenue now owns 15,003 shares of the company's stock valued at $910,000 after purchasing an additional 805 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after purchasing an additional 474 shares during the last quarter. Finally, Summit Global Investments increased its stake in BellRing Brands by 264.6% in the 3rd quarter. Summit Global Investments now owns 32,338 shares of the company's stock worth $1,964,000 after buying an additional 23,468 shares during the period. Institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BRBR. Evercore ISI boosted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. TD Cowen raised their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price target on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Citigroup upped their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.87.

Remove Ads

Insiders Place Their Bets

In related news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is owned by company insiders.

BellRing Brands Trading Down 6.0 %

Shares of BRBR stock traded down $4.34 during trading hours on Thursday, reaching $68.24. 2,173,568 shares of the company's stock were exchanged, compared to its average volume of 1,115,706. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The stock's 50 day moving average is $74.84 and its 200-day moving average is $69.45. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 2.24 and a beta of 0.85.

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