Stephens Investment Management Group LLC Has $108.80 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Stephens Investment Management Group LLC trimmed its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,444,132 shares of the company's stock after selling 120,493 shares during the quarter. BellRing Brands accounts for 1.5% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 8th largest holding. Stephens Investment Management Group LLC owned 1.12% of BellRing Brands worth $108,801,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in BellRing Brands by 264.3% in the 3rd quarter. CWM LLC now owns 3,927 shares of the company's stock valued at $238,000 after purchasing an additional 2,849 shares during the period. Carnegie Investment Counsel grew its stake in BellRing Brands by 17.8% in the 3rd quarter. Carnegie Investment Counsel now owns 55,667 shares of the company's stock valued at $3,380,000 after purchasing an additional 8,423 shares during the period. Exchange Traded Concepts LLC grew its stake in BellRing Brands by 19.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company's stock valued at $796,000 after purchasing an additional 2,097 shares during the period. nVerses Capital LLC bought a new position in BellRing Brands in the 3rd quarter valued at $419,000. Finally, V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter valued at $31,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BRBR shares. Mizuho increased their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Citigroup raised their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Evercore ISI raised their target price on BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. DA Davidson restated a "neutral" rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Barclays raised their target price on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, BellRing Brands has an average rating of "Moderate Buy" and a consensus target price of $77.87.

BellRing Brands Price Performance

BRBR stock traded up $0.71 during trading on Wednesday, hitting $76.87. The stock had a trading volume of 668,784 shares, compared to its average volume of 1,173,503. The stock has a market capitalization of $9.90 billion, a P/E ratio of 36.09, a PEG ratio of 2.34 and a beta of 0.86. The company's 50-day moving average price is $75.85 and its two-hundred day moving average price is $67.17. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its 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%. As a group, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. The trade was a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.07% of the stock is owned by insiders.

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.