Lake Street Advisors Group LLC Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Lake Street Advisors Group LLC bought a new position in BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,155 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BRBR. Wealth Enhancement Advisory Services LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $228,000. DekaBank Deutsche Girozentrale bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $422,000. State of Alaska Department of Revenue raised its holdings in shares of BellRing Brands by 5.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,003 shares of the company’s stock worth $910,000 after purchasing an additional 805 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $433,000. Finally, Oak Ridge Investments LLC raised its holdings in shares of BellRing Brands by 2.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 126,836 shares of the company’s stock worth $7,701,000 after purchasing an additional 3,224 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Up 4.1 %

BRBR stock opened at $73.36 on Friday. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The firm has a 50 day moving average of $75.13 and a two-hundred day moving average of $68.99.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the sale, the director now directly owns 818,180 shares of the company’s stock, valued at $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 218,636 shares of company stock valued at $16,677,550 over the last ninety days. Corporate insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BRBR. Evercore ISI lifted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stephens reissued an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Mizuho lifted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Truist Financial lifted their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

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.