E Fund Management Hong Kong Co. Ltd. Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 691 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds have also modified their holdings of BRBR. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 474 shares during the period. UMB Bank n.a. grew its position 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 purchasing an additional 234 shares during the period. Truvestments Capital LLC acquired a new position in BellRing Brands in the third quarter valued at $44,000. Finally, Quarry LP boosted its holdings in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Stock Down 1.1 %

NYSE:BRBR opened at $75.98 on Monday. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 2.57 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90. The company’s 50 day moving average is $75.69 and its 200-day moving average is $64.91.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million for the quarter, compared to the consensus estimate 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 was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Research analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on BRBR shares. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen boosted their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stephens upped their target price on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Citigroup boosted their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group upped their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three research 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, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

BellRing Brands 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.