Empowered Funds LLC Acquires 4,805 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Empowered Funds LLC boosted its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 6.9% during the fourth quarter, HoldingsChannel reports. The fund owned 74,649 shares of the company’s stock after purchasing an additional 4,805 shares during the quarter. Empowered Funds LLC’s holdings in BellRing Brands were worth $5,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRBR. Advisors Preferred LLC bought a new stake in shares of BellRing Brands in the fourth quarter worth $10,542,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in BellRing Brands by 10.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,183 shares of the company’s stock worth $390,000 after buying an additional 500 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of BellRing Brands in the 4th quarter valued at about $202,000. Meritage Portfolio Management grew its position in shares of BellRing Brands by 7.3% in the 4th quarter. Meritage Portfolio Management now owns 22,554 shares of the company’s stock valued at $1,699,000 after buying an additional 1,533 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $339,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note 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 note on Wednesday, November 20th. Truist Financial lifted their target price 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 target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Mizuho increased their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $77.87.

BellRing Brands Stock Performance

BRBR stock opened at $76.24 on Wednesday. The stock’s 50 day simple moving average is $75.86 and its 200 day simple moving average is $66.99. The company has a market cap of $9.82 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping 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%. Equities analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, the director now directly owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.07% of the company’s stock.

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.