E. Ohman J or Asset Management AB Increases Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

E. Ohman J or Asset Management AB grew its stake in BellRing Brands, Inc. (NYSE:BRBR) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 534,616 shares of the company’s stock after buying an additional 28,143 shares during the period. BellRing Brands accounts for 0.9% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 26th largest holding. E. Ohman J or Asset Management AB owned about 0.42% of BellRing Brands worth $40,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Braun Stacey Associates Inc. acquired a new stake in shares of BellRing Brands in the third quarter valued at approximately $18,680,000. Charles Schwab Investment Management Inc. boosted its stake in BellRing Brands by 35.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after purchasing an additional 333,287 shares during the period. Pallas Capital Advisors LLC boosted its stake in BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after purchasing an additional 10,117 shares during the period. Banco Santander S.A. purchased a new position in BellRing Brands during the 3rd quarter worth $672,000. Finally, Empowered Funds LLC increased its stake in BellRing Brands by 151.4% in the third quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock valued at $4,241,000 after purchasing an additional 42,059 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Up 1.1 %

BellRing Brands stock opened at $78.20 on Tuesday. The stock has a fifty day moving average price of $76.01 and a 200 day moving average price of $65.88. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The firm has a market capitalization of $10.07 billion, a P/E ratio of 41.82, a PEG ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. As a group, equities analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BRBR shares. Jefferies Financial Group raised their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial boosted their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Finally, Bank of America upped their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.13.

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.