Oak Thistle LLC Invests $1.03 Million in BellRing Brands, Inc. (NYSE:BRBR)

Oak Thistle LLC acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,689 shares of the company's stock, valued at approximately $1,031,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the third quarter valued at about $31,000. Farther Finance Advisors LLC increased its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after purchasing an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands during the third quarter worth $44,000. Quarry LP boosted its position in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Finally, Assetmark Inc. boosted its position in BellRing Brands by 53.9% during the third quarter. Assetmark Inc. now owns 1,947 shares of the company's stock worth $118,000 after purchasing an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

BRBR stock traded up $0.49 on Thursday, hitting $73.29. 686,362 shares of the company were exchanged, compared to its average volume of 1,054,207. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The business's fifty day moving average is $75.22 and its two-hundred day moving average is $64.12. 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 issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The firm 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 firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts expect that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BRBR. Stifel Nicolaus lifted their price target on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Stephens lifted their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, November 25th. Citigroup upped their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Barclays raised their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Bank of America upped their target price on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.67.

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.