One Wealth Advisors LLC Takes $284,000 Position in BellRing Brands, Inc. (NYSE:BRBR)

One Wealth Advisors LLC acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,773 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in BellRing Brands in the third quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares in the last quarter. UMB Bank n.a. raised its stake in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter worth about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the fourth quarter worth about $52,000. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Up 1.1 %

NYSE:BRBR opened at $78.20 on Tuesday. The company’s 50 day moving average price is $76.01 and its 200-day moving average price is $65.88. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Stephens increased their price target on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Mizuho upped their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus upped their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $77.13.

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.