2,070 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by R Squared Ltd

R Squared Ltd acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,070 shares of the company’s stock, valued at approximately $156,000.

A number of other institutional investors also recently made changes to their positions in BRBR. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares during the period. UMB Bank n.a. boosted its position in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after acquiring an additional 234 shares during the period. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the third quarter valued at about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the fourth quarter worth about $52,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $78.21 on Thursday. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.06. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.57 and a beta of 0.86. The firm has a 50 day simple moving average of $75.90 and a 200 day simple moving average of $65.31.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. BellRing Brands’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of analyst reports. Mizuho increased their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Stephens upped their target price on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. DA Davidson restated a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus upped their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.13.

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.