Proficio Capital Partners LLC Buys New Shares in BellRing Brands, Inc. (NYSE:BRBR)

Proficio Capital Partners LLC bought a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 61,854 shares of the company’s stock, valued at approximately $4,660,000.

Several other large investors have also recently bought and sold shares of BRBR. Holocene Advisors LP acquired a new position in BellRing Brands during the 3rd quarter valued at $69,998,000. Assenagon Asset Management S.A. increased its holdings in BellRing Brands by 200.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock valued at $74,781,000 after buying an additional 661,774 shares during the period. Champlain Investment Partners LLC bought a new stake in BellRing Brands in the 3rd quarter valued at $30,699,000. Wasatch Advisors LP increased its holdings in BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after buying an additional 494,669 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in BellRing Brands by 21.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after buying an additional 457,796 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Down 0.7 %

Shares of NYSE:BRBR opened at $71.03 on Wednesday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The company’s 50-day moving average price is $74.92 and its two-hundred day moving average price is $69.43. The firm has a market cap of $9.11 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 44,249 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the transaction, the director now directly owns 938,457 shares in the company, valued at approximately $72,608,418.09. This represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BRBR shares. TD Cowen boosted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Jefferies Financial Group upped their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup upped their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price of $77.87.

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.