Motley Fool Asset Management LLC Acquires 2,700 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Motley Fool Asset Management LLC raised its position in BellRing Brands, Inc. (NYSE:BRBR) by 8.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,600 shares of the company’s stock after purchasing an additional 2,700 shares during the quarter. Motley Fool Asset Management LLC’s holdings in BellRing Brands were worth $1,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of BellRing Brands by 50.9% during the third quarter. Invesco Ltd. now owns 2,687,684 shares of the company’s stock worth $110,813,000 after purchasing an additional 906,559 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of BellRing Brands by 273.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,074,396 shares of the company’s stock worth $44,298,000 after purchasing an additional 786,756 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of BellRing Brands during the third quarter worth approximately $23,552,000. Boston Partners acquired a new position in shares of BellRing Brands during the third quarter worth approximately $19,316,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of BellRing Brands by 355.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 216,455 shares of the company’s stock worth $8,924,000 after purchasing an additional 168,892 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Up 2.0 %

Shares of NYSE BRBR traded up $1.08 during mid-day trading on Friday, reaching $56.34. 583,702 shares of the company were exchanged, compared to its average volume of 1,206,633. The company’s 50-day simple moving average is $57.68 and its 200-day simple moving average is $53.60. The stock has a market capitalization of $7.38 billion, a P/E ratio of 45.44, a P/E/G ratio of 2.11 and a beta of 0.83. BellRing Brands, Inc. has a twelve month low of $34.58 and a twelve month high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The business had revenue of $430.40 million for the quarter, compared to analyst estimates of $407.91 million. As a group, equities research analysts expect that BellRing Brands, Inc. will post 1.67 EPS for the current year.

Insider Buying and Selling

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the transaction, the director now directly owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent analyst reports. Mizuho upped their target price on shares of BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Citigroup assumed coverage on shares of BellRing Brands in a research report on Thursday, February 1st. They set a “buy” rating and a $67.00 price objective for the company. Needham & Company LLC increased their price objective on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Barclays increased their price objective on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, TD Cowen assumed coverage on shares of BellRing Brands in a research report on Monday. They set a “buy” rating and a $64.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.62.

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.