Yorktown Management & Research Co Inc acquired a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,500 shares of the company's stock, valued at approximately $339,000.
Several other large investors have also recently made changes to their positions in BRBR. Wasatch Advisors LP boosted its holdings in shares of BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock valued at $406,903,000 after acquiring an additional 494,669 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock valued at $285,646,000 after buying an additional 380,216 shares in the last quarter. State Street Corp boosted its holdings in BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock worth $236,001,000 after buying an additional 50,339 shares during the period. Wellington Management Group LLP increased its stake in BellRing Brands by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company's stock worth $167,388,000 after buying an additional 281,667 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in BellRing Brands by 21.5% during the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company's stock valued at $157,202,000 after acquiring an additional 457,796 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BRBR has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Stephens reiterated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday. Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday. TD Cowen boosted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, Mizuho raised their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $77.87.
Read Our Latest Research Report on BellRing Brands
BellRing Brands Trading Down 1.0 %
NYSE:BRBR traded down $0.78 during midday trading on Friday, hitting $76.49. 663,201 shares of the company traded hands, compared to its average volume of 1,229,046. The firm's fifty day moving average is $75.91 and its 200-day moving average is $66.56. The firm has a market capitalization of $9.85 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.
BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.
BellRing Brands Profile
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Free Report)
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.
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