Hunter Associates Investment Management LLC Purchases 4,053 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Hunter Associates Investment Management LLC lifted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 7.6% during the fourth quarter, HoldingsChannel reports. The firm owned 57,383 shares of the company’s stock after buying an additional 4,053 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in BellRing Brands were worth $4,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BRBR. Fifth Third Bancorp lifted its holdings in shares of BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after purchasing an additional 153 shares in the last quarter. Chartwell Investment Partners LLC raised its position 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 last quarter. UMB Bank n.a. lifted its stake in 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 in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in 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 acquiring an additional 266 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of BellRing Brands by 2.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,386 shares of the company’s stock worth $1,009,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

BRBR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Citigroup increased their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI lifted their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. DA Davidson reiterated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Finally, Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.13.

BellRing Brands Stock Performance

NYSE BRBR opened at $79.27 on Friday. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock has a market cap of $10.21 billion, a PE ratio of 42.39, a P/E/G ratio of 2.64 and a beta of 0.86. The firm has a 50-day moving average of $75.98 and a 200-day moving average of $65.40.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal 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.