Blue Trust Inc. Grows Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Blue Trust Inc. grew its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 160.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,050 shares of the company’s stock after purchasing an additional 647 shares during the quarter. Blue Trust Inc.’s holdings in BellRing Brands were worth $79,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of 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 last quarter. UMB Bank n.a. grew its position in BellRing Brands by 69.4% during 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 acquired a new stake in BellRing Brands during the third quarter worth about $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the fourth quarter worth about $52,000. Finally, Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 46,766 shares of BellRing Brands stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $74.72, for a total value of $3,494,355.52. Following the completion of the transaction, the director now owns 848,180 shares in the company, valued at approximately $63,376,009.60. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 203,636 shares of company stock valued at $15,581,650. Insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

BRBR has been the subject of several research reports. Barclays boosted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Stifel Nicolaus upped their price target 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. TD Cowen increased their price target on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Truist Financial boosted 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands Stock Down 1.6 %

BRBR stock opened at $72.99 on Monday. The stock’s 50 day moving average is $75.61 and its two-hundred day moving average is $68.58. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market capitalization of $9.36 billion, a PE ratio of 34.27, a P/E/G ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current 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.