Handelsbanken Fonder AB Increases Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Handelsbanken Fonder AB lifted its stake in BellRing Brands, Inc. (NYSE:BRBR) by 42.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,380 shares of the company’s stock after purchasing an additional 9,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in BellRing Brands were worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRBR. Allworth Financial LP lifted its stake in shares of BellRing Brands by 59.2% during the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of BellRing Brands by 108.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after acquiring an additional 636 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in BellRing Brands during the 4th quarter valued at $56,000. Mosaic Family Wealth Partners LLC bought a new stake in BellRing Brands during the 4th quarter valued at $220,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in BellRing Brands during the 3rd quarter valued at $221,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BRBR. TD Cowen began coverage on BellRing Brands in a research report on Monday, April 22nd. They set a “buy” rating and a $64.00 target price for the company. Citigroup began coverage on BellRing Brands in a research report on Thursday, February 1st. They set a “buy” rating and a $67.00 target price for the company. Needham & Company LLC lifted their target price on BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. 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. Finally, Mizuho lifted their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.62.

Insider Activity

In other news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.

BellRing Brands Stock Performance

BellRing Brands stock opened at $56.34 on Friday. The business’s 50-day simple moving average is $57.68 and its two-hundred day simple moving average is $53.68. The company has a market cap of $7.38 billion, a PE ratio of 45.44, a PEG ratio of 2.10 and a beta of 0.83. BellRing Brands, Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $430.40 million during the quarter, compared to analysts’ expectations 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, analysts predict that BellRing Brands, Inc. will post 1.67 EPS for the current fiscal 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.