Everett Harris & Co. CA Buys New Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Everett Harris & Co. CA acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,508 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds also recently added to or reduced their stakes in BRBR. Geneos Wealth Management Inc. purchased a new position in BellRing Brands in the first quarter valued at about $31,000. Point72 Middle East FZE purchased a new stake in shares of BellRing Brands during the fourth quarter worth about $33,000. Allworth Financial LP increased its position in shares of BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of BellRing Brands by 108.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after acquiring an additional 636 shares during the last quarter. Finally, Natixis purchased a new stake in shares of BellRing Brands during the second quarter worth about $62,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the transaction, the director now directly owns 24,646 shares of the company’s stock, valued at approximately $1,424,785.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BRBR has been the topic of a number of analyst reports. DA Davidson initiated coverage on BellRing Brands in a research report on Friday, December 8th. They set a “neutral” rating and a $60.00 target price on the stock. Needham & Company LLC boosted their price objective on BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Citigroup began coverage on BellRing Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $67.00 price objective on the stock. Mizuho upped their price objective on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus upped their price objective on BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.08.

BellRing Brands Price Performance

BRBR stock traded up $0.23 on Thursday, reaching $59.03. The company’s stock had a trading volume of 932,027 shares, compared to its average volume of 1,300,359. BellRing Brands, Inc. has a 52 week low of $33.00 and a 52 week high of $62.76. The company has a market capitalization of $7.73 billion, a P/E ratio of 47.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The firm has a fifty day moving average of $57.75 and a two-hundred day moving average of $51.30.

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

BellRing Brands 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.