Stephens Investment Management Group LLC Has $108.80 Million Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Stephens Investment Management Group LLC trimmed its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,444,132 shares of the company’s stock after selling 120,493 shares during the quarter. BellRing Brands makes up 1.5% of Stephens Investment Management Group LLC’s portfolio, making the stock its 8th largest position. Stephens Investment Management Group LLC’s holdings in BellRing Brands were worth $108,801,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in BellRing Brands during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its stake in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. UMB Bank n.a. increased its holdings in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares during the period. Truvestments Capital LLC purchased a new stake in BellRing Brands in the 3rd quarter worth approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays lifted their price target on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Stephens restated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Jefferies Financial Group boosted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Mizuho raised their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

BellRing Brands Trading Down 1.0 %

NYSE BRBR opened at $76.49 on Friday. The stock has a 50-day moving average of $75.91 and a 200-day moving average of $66.56. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The firm has a market cap of $9.85 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share 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.