793 Shares in BellRing Brands, Inc. (NYSE:BRBR) Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 793 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds have also bought and sold shares of BRBR. Pathstone Family Office LLC bought a new stake in shares of BellRing Brands in the third quarter valued at $697,000. International Assets Investment Management LLC bought a new stake in shares of BellRing Brands in the fourth quarter valued at $5,076,000. Federated Hermes Inc. raised its stake in shares of BellRing Brands by 19.8% in the third quarter. Federated Hermes Inc. now owns 264,718 shares of the company’s stock valued at $10,914,000 after buying an additional 43,766 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of BellRing Brands by 273.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,074,396 shares of the company’s stock valued at $44,298,000 after buying an additional 786,756 shares during the period. Finally, Boston Partners bought a new stake in shares of BellRing Brands in the third quarter valued at $19,316,000. 94.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the transaction, the director now owns 24,646 shares of the company’s stock, valued at approximately $1,424,785.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.

BellRing Brands Trading Up 0.6 %

NYSE BRBR opened at $55.48 on Thursday. BellRing Brands, Inc. has a 1-year low of $34.58 and a 1-year high of $62.76. The stock has a 50-day moving average of $57.71 and a 200-day moving average of $53.95. The firm has a market cap of $7.27 billion, a PE ratio of 44.74, a price-to-earnings-growth ratio of 2.09 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $430.40 million during the quarter, compared to analyst estimates of $407.91 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. As a group, equities research analysts forecast that BellRing Brands, Inc. will post 1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup assumed coverage on BellRing Brands in a research note on Thursday, February 1st. They issued a “buy” rating and a $67.00 target price on the stock. Stephens reiterated an “equal weight” rating and issued a $51.00 price target on shares of BellRing Brands in a research report on Tuesday, February 6th. TD Cowen assumed coverage on BellRing Brands in a research report on Monday, April 22nd. They issued a “buy” rating and a $64.00 price target for the company. Mizuho lifted their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Needham & Company LLC lifted their price target on BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.92.

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.