10,828 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,828 shares of the company's stock, valued at approximately $816,000.

A number of other large investors have also recently added to or reduced their stakes in BRBR. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC raised its position in shares of BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands during the third quarter worth $44,000. Quarry LP boosted its holdings in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after purchasing an additional 378 shares during the period. Finally, Assetmark Inc. increased its stake in BellRing Brands by 53.9% during the third quarter. Assetmark Inc. now owns 1,947 shares of the company's stock valued at $118,000 after purchasing an additional 682 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of recent research reports. Citigroup raised their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Barclays lifted their target price on BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. 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. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus raised their target price on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of "Moderate Buy" and an average price target of $76.67.

BellRing Brands Stock Performance

Shares of BRBR stock traded up $0.49 during midday trading on Thursday, reaching $73.29. 914,565 shares of the company were exchanged, compared to its average volume of 1,087,947. The company's 50 day moving average price is $75.22 and its two-hundred day moving average price is $64.12. The company has a market cap of $9.44 billion, a P/E ratio of 39.19, a PEG ratio of 2.39 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its 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. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

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.