SeaBridge Investment Advisors LLC Acquires 142 Shares of BellRing Brands, Inc. (NYSE:BRBR)

SeaBridge Investment Advisors LLC increased its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,746 shares of the company’s stock after purchasing an additional 142 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in BellRing Brands were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BRBR. Wasatch Advisors LP grew its holdings in shares of BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after purchasing an additional 494,669 shares during the last quarter. Franklin Resources Inc. grew its holdings in BellRing Brands by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after acquiring an additional 380,216 shares during the last quarter. State Street Corp increased its position in shares of BellRing Brands by 1.3% in the third 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 increased its position in shares of BellRing Brands by 11.4% in the third 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. raised its stake in shares of BellRing Brands by 21.5% during the third 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 last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRBR has been the topic of several recent analyst reports. Stephens raised their target price on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. TD Cowen lifted their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Barclays raised their price target on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Citigroup boosted their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $77.13.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $77.36 on Friday. The company has a 50 day simple moving average of $76.01 and a two-hundred day simple moving average of $65.68. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 41.37, a P/E/G ratio of 2.64 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share 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 analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. On average, analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

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.