Burney Co. Acquires 7,768 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Burney Co. increased its stake in BellRing Brands, Inc. (NYSE:BRBR) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,273 shares of the company’s stock after purchasing an additional 7,768 shares during the period. Burney Co. owned approximately 0.16% of BellRing Brands worth $15,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in BellRing Brands in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the third quarter worth $44,000. Quarry LP boosted its holdings in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the last quarter. Finally, Assetmark Inc. increased its stake in BellRing Brands by 53.9% in the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock valued at $118,000 after buying an additional 682 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BRBR. Truist Financial increased their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Evercore ISI upped their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Barclays raised their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Mizuho upped 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. Finally, Stifel Nicolaus lifted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $76.67.

BellRing Brands Trading Up 0.2 %

NYSE:BRBR opened at $72.80 on Wednesday. The stock has a 50 day simple moving average of $75.12 and a 200 day simple moving average of $64.06. The stock has a market cap of $9.38 billion, a P/E ratio of 38.93, a PEG ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90.

BellRing Brands (NYSE:BRBR) last announced 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. 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 during the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current 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.