Ieq Capital LLC Acquires Shares of 141,664 BellRing Brands, Inc. (NYSE:BRBR)

Ieq Capital LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 141,664 shares of the company’s stock, valued at approximately $10,673,000. Ieq Capital LLC owned 0.11% of BellRing Brands at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of BellRing Brands during the 4th quarter valued at $228,000. Braun Stacey Associates Inc. lifted its position in shares of BellRing Brands by 11.4% during the 4th quarter. Braun Stacey Associates Inc. now owns 342,606 shares of the company’s stock valued at $25,812,000 after buying an additional 34,959 shares during the last quarter. Truist Financial Corp lifted its position in shares of BellRing Brands by 11.8% during the 4th quarter. Truist Financial Corp now owns 672,139 shares of the company’s stock valued at $50,639,000 after buying an additional 70,878 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of BellRing Brands by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company’s stock valued at $305,000 after buying an additional 211 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of BellRing Brands by 16.4% during the 4th quarter. Sanctuary Advisors LLC now owns 8,413 shares of the company’s stock valued at $668,000 after buying an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 0.0 %

NYSE:BRBR opened at $77.38 on Thursday. The business’s 50-day moving average price is $75.79 and its two-hundred day moving average price is $68.16. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The stock has a market cap of $9.93 billion, a P/E ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial upped their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Evercore ISI increased their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Barclays increased their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Finally, Mizuho increased their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average price target of $77.87.

Insider Activity

In other news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 156,870 shares of company stock worth $12,087,294. 1.07% of the stock is currently owned by 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.