Harel Insurance Investments & Financial Services Ltd. Acquires 3,865 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,598 shares of the company’s stock after buying an additional 3,865 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in BellRing Brands were worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BRBR. Holocene Advisors LP purchased a new position in BellRing Brands during the third quarter valued at $69,998,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after purchasing an additional 847,161 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of BellRing Brands by 200.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock valued at $74,781,000 after purchasing an additional 661,774 shares in the last quarter. E. Ohman J or Asset Management AB bought a new stake in shares of BellRing Brands in the third quarter worth about $30,753,000. Finally, Champlain Investment Partners LLC purchased a new stake in shares of BellRing Brands in the third quarter worth about $30,699,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $75.98 on Friday. The business’s 50 day moving average price is $75.61 and its 200-day moving average price is $64.73. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.57 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BRBR. Mizuho raised their price target on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Evercore ISI raised their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. TD Cowen upped their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Bank of America upped their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

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.