Ieq Capital LLC Buys Shares of 141,664 BellRing Brands, Inc. (NYSE:BRBR)

Ieq Capital LLC acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 141,664 shares of the company's stock, valued at approximately $10,673,000. Ieq Capital LLC owned about 0.11% of BellRing Brands as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BRBR. CWM LLC grew its holdings in BellRing Brands by 264.3% during the 3rd quarter. CWM LLC now owns 3,927 shares of the company's stock worth $238,000 after acquiring an additional 2,849 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of BellRing Brands during the third quarter worth about $1,501,000. International Assets Investment Management LLC acquired a new position in BellRing Brands in the third quarter worth about $57,960,000. E. Ohman J or Asset Management AB bought a new stake in BellRing Brands in the third quarter valued at about $30,753,000. Finally, Mediolanum International Funds Ltd acquired a new stake in BellRing Brands during the third quarter valued at approximately $11,146,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial lifted their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Citigroup boosted their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, TD Cowen increased their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Three research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.87.

BellRing Brands Price Performance

Shares of BellRing Brands stock traded down $0.92 on Friday, hitting $73.24. The company had a trading volume of 1,251,957 shares, compared to its average volume of 1,144,005. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The company has a market cap of $9.39 billion, a PE ratio of 34.36, a PEG ratio of 2.34 and a beta of 0.86. The business has a 50-day simple moving average of $75.72 and a 200-day simple moving average of $68.20.

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

Insider Activity at BellRing Brands

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 shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 156,870 shares of company stock valued at $12,087,294 over the last 90 days. 1.07% of the stock is currently owned by corporate 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.