International Assets Investment Management LLC Makes New $5.08 Million Investment in BellRing Brands, Inc. (NYSE:BRBR)

International Assets Investment Management LLC acquired a new position in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 91,570 shares of the company’s stock, valued at approximately $5,076,000.

Other large investors also recently modified their holdings of the company. Pathstone Family Office LLC bought a new stake in shares of BellRing Brands in the third quarter worth $697,000. Federated Hermes Inc. grew its holdings 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 worth $10,914,000 after acquiring an additional 43,766 shares during the period. Lord Abbett & CO. LLC grew its holdings 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 worth $44,298,000 after acquiring an additional 786,756 shares during the period. Boston Partners purchased a new position in BellRing Brands during the third quarter valued at $19,316,000. Finally, Public Employees Retirement System of Ohio lifted its position in BellRing Brands by 3.2% during the third quarter. Public Employees Retirement System of Ohio now owns 142,192 shares of the company’s stock valued at $5,863,000 after purchasing an additional 4,360 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BRBR shares. Truist Financial downgraded BellRing Brands from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $50.00 in a research report on Wednesday, January 3rd. Stifel Nicolaus lifted their target price on BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Mizuho lifted their target price on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Citigroup started coverage on BellRing Brands in a research report on Thursday, February 1st. They set a “buy” rating and a $67.00 target price on the stock. Finally, Barclays boosted their price objective on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $57.08.

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the business’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 sale, the director now directly owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by insiders.

BellRing Brands Trading Down 0.8 %

NYSE:BRBR opened at $54.52 on Tuesday. The business’s 50-day moving average is $58.25 and its 200 day moving average is $52.89. BellRing Brands, Inc. has a 12 month low of $33.99 and a 12 month high of $62.76. The company has a market capitalization of $7.14 billion, a P/E ratio of 43.97, a P/E/G ratio of 2.09 and a beta of 0.83.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The company had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $407.91 million. On average, research analysts forecast that BellRing Brands, Inc. will post 1.67 earnings per share for the current year.

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.