SYM FINANCIAL Corp Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

SYM FINANCIAL Corp bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 3,909 shares of the company’s stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares in the last quarter. UMB Bank n.a. raised its holdings 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 buying an additional 234 shares during the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands during the 3rd quarter worth about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands during the 4th quarter worth about $52,000. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Trading Down 2.6 %

Shares of BellRing Brands stock opened at $77.36 on Monday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The company has a market capitalization of $9.96 billion, a PE ratio of 41.37, a PEG ratio of 2.64 and a beta of 0.86. The stock’s fifty day simple moving average is $76.01 and its 200 day simple moving average is $65.78.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results 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 firm had revenue of $555.80 million for 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 business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRBR. TD Cowen boosted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Mizuho increased their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.13.

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.