BellRing Brands, Inc. (NYSE:BRBR) Position Boosted by Aigen Investment Management LP

Aigen Investment Management LP lifted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,943 shares of the company’s stock after buying an additional 772 shares during the quarter. Aigen Investment Management LP’s holdings in BellRing Brands were worth $1,050,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Proficio Capital Partners LLC bought a new position in shares of BellRing Brands during the fourth quarter worth about $4,660,000. Atria Investments Inc raised its stake in BellRing Brands by 21.6% during the fourth quarter. Atria Investments Inc now owns 12,439 shares of the company’s stock worth $937,000 after acquiring an additional 2,212 shares during the period. Steward Partners Investment Advisory LLC raised its stake in BellRing Brands by 18.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company’s stock worth $159,000 after acquiring an additional 332 shares during the period. DJE Kapital AG acquired a new stake in BellRing Brands during the fourth quarter worth about $3,434,000. Finally, Allegiance Financial Group Advisory Services LLC acquired a new stake in BellRing Brands during the fourth quarter worth about $243,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $72.67 on Thursday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 2.24 and a beta of 0.85. The stock’s 50 day moving average price is $74.84 and its 200 day moving average price is $69.45.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective 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. DA Davidson reiterated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Mizuho raised their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Stephens restated an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $77.87.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 218,636 shares of company stock valued at $16,677,550 over the last quarter. Corporate insiders own 1.07% of the company’s stock.

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.