141,664 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 141,664 shares of the company’s stock, valued at approximately $10,673,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its position in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares during the last quarter. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 474 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the 4th quarter worth approximately $52,000. Truvestments Capital LLC bought a new position in BellRing Brands during the 3rd quarter worth approximately $44,000. Finally, Fifth Third Bancorp grew its position in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BRBR shares. Truist Financial lifted their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Citigroup lifted their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.87.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 156,870 shares of company stock worth $12,087,294. 1.07% of the stock is owned by insiders.

BellRing Brands Trading Down 0.0 %

Shares of NYSE:BRBR opened at $77.38 on Thursday. The stock has a fifty day simple moving average of $75.79 and a two-hundred day simple moving average of $68.16. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

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

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.