Argent Capital Management LLC Purchases 4,845 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Argent Capital Management LLC increased its position in BellRing Brands, Inc. (NYSE:BRBR) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,158 shares of the company’s stock after purchasing an additional 4,845 shares during the period. Argent Capital Management LLC’s holdings in BellRing Brands were worth $2,347,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BRBR. Daiwa Securities Group Inc. purchased a new stake in BellRing Brands in the 2nd quarter valued at $206,000. Oppenheimer Asset Management Inc. raised its holdings in shares of BellRing Brands by 48.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 41,702 shares of the company’s stock valued at $2,383,000 after purchasing an additional 13,583 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in BellRing Brands by 33.8% during the second quarter. Envestnet Asset Management Inc. now owns 203,732 shares of the company’s stock worth $11,641,000 after purchasing an additional 51,498 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in BellRing Brands in the 2nd quarter worth about $1,000,000. Finally, Dimensional Fund Advisors LP increased its stake in BellRing Brands by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock valued at $138,482,000 after buying an additional 86,992 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $72.89 on Thursday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 2.59 and a beta of 0.86. The company has a 50-day moving average of $75.12 and a 200 day moving average of $64.06.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen lifted their price objective 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. Mizuho lifted their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their price target on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.67.

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.