Savant Capital LLC Invests $2.21 Million in BellRing Brands, Inc. (NYSE:BRBR)

Savant Capital LLC bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,298 shares of the company’s stock, valued at approximately $2,207,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR purchased a new position in BellRing Brands during the 4th quarter valued at about $266,000. Entropy Technologies LP lifted its position in shares of BellRing Brands by 28.6% during the fourth quarter. Entropy Technologies LP now owns 30,575 shares of the company’s stock worth $2,304,000 after purchasing an additional 6,798 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of BellRing Brands by 6.9% in the fourth quarter. Empowered Funds LLC now owns 74,649 shares of the company’s stock valued at $5,624,000 after purchasing an additional 4,805 shares during the period. Advisors Preferred LLC acquired a new position in shares of BellRing Brands in the fourth quarter valued at approximately $10,542,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of BellRing Brands by 10.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,183 shares of the company’s stock valued at $390,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, the director now owns 1,166,691 shares in the company, valued at $87,851,832.30. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Price Performance

NYSE BRBR opened at $76.87 on Thursday. The firm’s fifty day moving average price is $75.85 and its 200 day moving average price is $67.17. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen raised their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their target price on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America upped their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

About BellRing Brands

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.