Yorktown Management & Research Co Inc Buys New Position in BellRing Brands, Inc. (NYSE:BRBR)

Yorktown Management & Research Co Inc bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,500 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP increased 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 worth $406,903,000 after purchasing an additional 494,669 shares during the last quarter. Franklin Resources Inc. increased 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 worth $285,646,000 after purchasing an additional 380,216 shares during the last quarter. State Street Corp increased 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 worth $236,001,000 after purchasing an additional 50,339 shares during the last quarter. Wellington Management Group LLP increased 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 worth $167,388,000 after purchasing an additional 281,667 shares during the last quarter. Finally, Point72 Asset Management L.P. increased 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 worth $157,202,000 after purchasing an additional 457,796 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BRBR. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stephens reissued an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday. Finally, Stifel Nicolaus boosted their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.53.

BellRing Brands Price Performance

BRBR opened at $75.06 on Wednesday. The business has a fifty day simple moving average of $76.03 and a 200 day simple moving average of $66.06. The company has a market capitalization of $9.67 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. Equities analysts anticipate 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.