Andina Capital Management LLC Purchases 801 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Andina Capital Management LLC grew its position in BellRing Brands, Inc. (NYSE:BRBR) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,260 shares of the company’s stock after purchasing an additional 801 shares during the quarter. Andina Capital Management LLC’s holdings in BellRing Brands were worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BRBR. Wasatch Advisors LP lifted its position in shares of BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after acquiring an additional 494,669 shares during the period. Franklin Resources Inc. lifted its position in shares of BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock valued at $285,646,000 after acquiring an additional 380,216 shares during the period. State Street Corp lifted its position in shares of BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after acquiring an additional 50,339 shares during the period. Wellington Management Group LLP lifted its position in shares of BellRing Brands by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock valued at $167,388,000 after acquiring an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of BellRing Brands by 21.5% during 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 acquiring an additional 457,796 shares during the period. 94.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BRBR. Citigroup boosted their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective 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. Stephens upped their price objective on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Finally, Jefferies Financial Group upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average target price of $76.67.

BellRing Brands Price Performance

NYSE BRBR opened at $75.98 on Friday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.57 and a beta of 0.86. The company has a fifty day moving average price of $75.69 and a 200-day moving average price of $64.84.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, research analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

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.