Arkadios Wealth Advisors Acquires Shares of 5,127 BellRing Brands, Inc. (NYSE:BRBR)

Arkadios Wealth Advisors purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,127 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in BellRing Brands during the second quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of BellRing Brands during the 1st quarter worth about $32,000. Parallel Advisors LLC lifted its stake in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the 1st quarter worth about $37,000. Finally, GAMMA Investing LLC increased its stake in BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after buying an additional 615 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $55.91 on Friday. BellRing Brands, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $62.76. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 1.50 and a beta of 0.84. The stock has a 50 day moving average of $54.37 and a 200 day moving average of $56.59.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The firm had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. During the same period last year, the company earned $0.34 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts forecast that BellRing Brands, Inc. will post 1.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BRBR. Needham & Company LLC restated a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. TD Cowen lifted their target price on shares of BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Mizuho increased their target price on shares of BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.64.

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.