Vista Finance LLC Purchases New Stake in BellRing Brands, Inc. (NYSE:BRBR)

Vista Finance LLC acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,777 shares of the company’s stock, valued at approximately $285,000.

Several other large investors also recently made changes to their positions in the business. Braun Stacey Associates Inc. acquired a new stake in BellRing Brands in the 3rd quarter valued at $18,680,000. Charles Schwab Investment Management Inc. boosted its position in shares of BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after buying an additional 333,287 shares during the period. Pallas Capital Advisors LLC grew its stake in shares of BellRing Brands by 152.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock valued at $1,264,000 after buying an additional 10,117 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of BellRing Brands during the 3rd quarter valued at about $672,000. Finally, Empowered Funds LLC lifted its position in BellRing Brands by 151.4% during the 3rd quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock worth $4,241,000 after acquiring an additional 42,059 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $76.55 on Friday. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The company has a 50-day simple moving average of $75.79 and a 200-day simple moving average of $67.49. The firm has a market capitalization of $9.86 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 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%. Equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the sale, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BRBR shares. Evercore ISI lifted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Barclays lifted their price target 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. Bank of America upped their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup increased their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $77.87.

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.