International Assets Investment Management LLC Buys Shares of 91,570 BellRing Brands, Inc. (NYSE:BRBR)

International Assets Investment Management LLC bought a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 91,570 shares of the company’s stock, valued at approximately $5,076,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $253,000. Pinkerton Retirement Specialists LLC bought a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $375,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of BellRing Brands by 3.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,898 shares of the company’s stock valued at $3,930,000 after acquiring an additional 2,134 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of BellRing Brands by 7.7% during the fourth quarter. New York State Teachers Retirement System now owns 140,144 shares of the company’s stock valued at $7,768,000 after acquiring an additional 10,070 shares in the last quarter. Finally, Bellecapital International Ltd. bought a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $241,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BRBR stock opened at $58.09 on Thursday. BellRing Brands, Inc. has a 1 year low of $34.58 and a 1 year high of $62.76. The firm has a fifty day moving average price of $57.88 and a 200-day moving average price of $54.40. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.18 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $467.22 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities research analysts expect that BellRing Brands, Inc. will post 1.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BRBR shares. TD Cowen raised their price target on shares of BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $62.00 price target on shares of BellRing Brands in a research report on Tuesday. Stephens restated an “equal weight” rating and issued a $53.00 target price on shares of BellRing Brands in a report on Tuesday. Evercore ISI lifted their target price on shares of BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Citigroup assumed coverage on shares of BellRing Brands in a research report on Thursday, February 1st. They issued a “buy” rating and a $67.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.58.

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.