Lake Street Advisors Group LLC Invests $238,000 in BellRing Brands, Inc. (NYSE:BRBR)

Lake Street Advisors Group LLC acquired a new position in BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,155 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP lifted its stake in shares of BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after buying an additional 494,669 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after buying an additional 380,216 shares during the last quarter. State Street Corp lifted its stake in shares of BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after buying an additional 50,339 shares during the last quarter. Wellington Management Group LLP raised its stake in BellRing Brands by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock valued at $167,388,000 after purchasing an additional 281,667 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in BellRing Brands by 21.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after purchasing an additional 457,796 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now owns 818,180 shares of the company’s stock, valued at $59,776,230.80. This represents a 1.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is owned by insiders.

BellRing Brands Stock Performance

BRBR opened at $73.36 on Friday. The firm’s 50-day simple moving average is $75.13 and its 200-day simple moving average is $68.99. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BRBR shares. Truist Financial upped their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Mizuho upped their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stifel Nicolaus upped their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Citigroup upped their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.87.

BellRing Brands Company 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.