Meritage Portfolio Management Buys 1,533 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Meritage Portfolio Management boosted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,554 shares of the company’s stock after acquiring an additional 1,533 shares during the quarter. Meritage Portfolio Management’s holdings in BellRing Brands were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Yorktown Management & Research Co Inc bought a new position in shares of BellRing Brands in the fourth quarter worth approximately $339,000. E. Ohman J or Asset Management AB grew its holdings in BellRing Brands by 5.6% in the 4th quarter. E. Ohman J or Asset Management AB now owns 534,616 shares of the company’s stock worth $40,278,000 after acquiring an additional 28,143 shares during the last quarter. One Wealth Advisors LLC bought a new stake in BellRing Brands in the 4th quarter worth $284,000. SYM FINANCIAL Corp bought a new position in shares of BellRing Brands during the fourth quarter valued at about $295,000. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of BellRing Brands by 0.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after acquiring an additional 142 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BRBR. Deutsche Bank Aktiengesellschaft raised their price target on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Citigroup raised their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. TD Cowen upped their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group upped their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average target price of $77.53.

BellRing Brands Trading Up 2.1 %

BRBR stock opened at $76.53 on Thursday. The stock’s 50 day simple moving average is $75.96 and its 200 day simple moving average is $66.23. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market capitalization of $9.86 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. On average, research analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

BellRing Brands 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.