4,000 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by Nkcfo LLC

Nkcfo LLC bought a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the company's stock, valued at approximately $301,000.

Other hedge funds have also added to or reduced their stakes in the company. Braun Stacey Associates Inc. bought a new stake in BellRing Brands in the third quarter worth approximately $18,680,000. Charles Schwab Investment Management Inc. increased its holdings in BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company's stock worth $76,949,000 after purchasing an additional 333,287 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in BellRing Brands by 152.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock worth $1,264,000 after purchasing an additional 10,117 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of BellRing Brands during the third quarter valued at approximately $672,000. Finally, Empowered Funds LLC increased its holdings in shares of BellRing Brands by 151.4% during the third quarter. Empowered Funds LLC now owns 69,844 shares of the company's stock valued at $4,241,000 after acquiring an additional 42,059 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert V. Vitale sold 5,100 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares of the company's stock, valued at $87,851,832.30. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 156,870 shares of company stock valued at $12,087,294 in the last 90 days. Insiders own 1.07% of the company's stock.

BellRing Brands Stock Down 0.0 %

BRBR stock traded down $0.02 during midday trading on Wednesday, hitting $77.38. The company's stock had a trading volume of 759,483 shares, compared to its average volume of 1,135,125. The stock's 50-day moving average price is $75.79 and its 200 day moving average price is $68.09. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 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%. As a group, equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BRBR. Mizuho boosted their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Stephens restated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Truist Financial boosted their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, November 20th. Barclays boosted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Finally, 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 report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $77.87.

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.