Shilanski & Associates Inc. Reduces Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Shilanski & Associates Inc. decreased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,618 shares of the company’s stock after selling 1,185 shares during the quarter. Shilanski & Associates Inc.’s holdings in BellRing Brands were worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC raised its holdings in BellRing Brands by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after buying an additional 181 shares during the period. UMB Bank n.a. raised its stake in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after acquiring an additional 234 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after acquiring an additional 242 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of BellRing Brands by 6.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,669 shares of the company’s stock worth $352,000 after purchasing an additional 266 shares during the period. Finally, Quarry LP boosted its position in shares of BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR opened at $76.77 on Friday. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $79.90. The company has a market cap of $9.89 billion, a P/E ratio of 41.06, a PEG ratio of 2.57 and a beta of 0.86. The business’s 50-day simple moving average is $75.53 and its 200-day simple moving average is $64.64.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of research reports. Stephens upped their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Stifel Nicolaus increased their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Barclays increased their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average price target of $76.67.

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.