Merit Financial Group LLC Buys New Position in BellRing Brands, Inc. (NYSE:BRBR)

Merit Financial Group LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,369 shares of the company's stock, valued at approximately $706,000.

A number of other institutional investors have also modified their holdings of BRBR. Argent Capital Management LLC grew its stake in BellRing Brands by 18.4% during the 4th quarter. Argent Capital Management LLC now owns 31,158 shares of the company's stock worth $2,347,000 after purchasing an additional 4,845 shares in the last quarter. Burney Co. grew its stake in BellRing Brands by 4.0% during the 4th quarter. Burney Co. now owns 204,273 shares of the company's stock worth $15,390,000 after purchasing an additional 7,768 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in BellRing Brands by 200.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company's stock worth $74,781,000 after purchasing an additional 661,774 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in BellRing Brands by 6.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,669 shares of the company's stock worth $352,000 after purchasing an additional 266 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in BellRing Brands during the 4th quarter worth $1,031,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Barclays lifted their price target on BellRing Brands from $74.00 to $79.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Finally, Stephens lifted their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.67.

BellRing Brands Stock Up 0.7 %

Shares of BRBR traded up $0.54 on Thursday, reaching $76.77. The stock had a trading volume of 969,298 shares, compared to its average volume of 1,055,250. The firm has a market capitalization of $9.89 billion, a PE ratio of 41.06, a PEG ratio of 2.56 and a beta of 0.86. The firm has a 50-day moving average of $75.53 and a 200 day moving average of $64.64. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $0.41 EPS. On average, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal 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.