Captrust Financial Advisors Buys 54,804 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Captrust Financial Advisors grew its position in BellRing Brands, Inc. (NYSE:BRBR) by 45.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,203 shares of the company’s stock after purchasing an additional 54,804 shares during the quarter. Captrust Financial Advisors’ holdings in BellRing Brands were worth $10,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after buying an additional 615 shares during the last quarter. First Hawaiian Bank grew its position in shares of BellRing Brands by 129.9% in the second quarter. First Hawaiian Bank now owns 14,613 shares of the company’s stock valued at $835,000 after purchasing an additional 8,256 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands in the second quarter worth about $28,000. M&G Plc lifted its position in shares of BellRing Brands by 12.4% during the 2nd quarter. M&G Plc now owns 157,181 shares of the company’s stock worth $8,959,000 after purchasing an additional 17,383 shares during the last quarter. Finally, Andina Capital Management LLC grew its holdings in BellRing Brands by 14.2% in the 2nd quarter. Andina Capital Management LLC now owns 6,936 shares of the company’s stock valued at $396,000 after buying an additional 862 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Up 1.7 %

Shares of BRBR stock opened at $78.46 on Monday. The company has a market capitalization of $10.10 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.63 and a beta of 0.84. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a 50-day moving average price of $67.46 and a 200 day moving average price of $59.99.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. BellRing Brands’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. As a group, research analysts expect that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Mizuho raised their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Stephens upped their price target on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.60.

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.