Everett Harris & Co. CA Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Everett Harris & Co. CA bought a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,508 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of BellRing Brands by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 37,813 shares of the company’s stock worth $1,559,000 after acquiring an additional 295 shares during the period. Allworth Financial LP lifted its holdings in shares of BellRing Brands by 59.2% during the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of BellRing Brands by 0.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,764 shares of the company’s stock worth $2,835,000 after acquiring an additional 494 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of BellRing Brands by 4.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,562 shares of the company’s stock worth $460,000 after acquiring an additional 538 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of BellRing Brands by 108.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after acquiring an additional 636 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BRBR traded up $0.23 during trading hours on Thursday, hitting $59.03. 932,027 shares of the stock were exchanged, compared to its average volume of 1,300,359. BellRing Brands, Inc. has a fifty-two week low of $33.00 and a fifty-two week high of $62.76. The business has a 50-day moving average of $57.75 and a 200-day moving average of $51.30. The firm has a market capitalization of $7.73 billion, a P/E ratio of 47.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The company had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $407.91 million. As a group, analysts forecast that BellRing Brands, Inc. will post 1.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Mizuho upped their price target on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Citigroup assumed coverage on shares of BellRing Brands in a research note on Thursday, February 1st. They issued a “buy” rating and a $67.00 price objective for the company. Stephens reissued an “equal weight” rating and issued a $51.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 6th. Finally, DA Davidson assumed coverage on shares of BellRing Brands in a research note on Friday, December 8th. They issued a “neutral” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.08.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the sale, the director now directly owns 24,646 shares in the company, valued at $1,424,785.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.