One Wealth Advisors LLC Purchases Shares of 3,773 BellRing Brands, Inc. (NYSE:BRBR)

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

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

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent research reports. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Bank of America boosted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial boosted 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. Stifel Nicolaus boosted their price target 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. Finally, Evercore ISI boosted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” 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, the company presently has an average rating of “Moderate Buy” and an average target price of $77.13.

BellRing Brands Stock Up 1.1 %

BRBR opened at $78.20 on Tuesday. 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, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company’s 50-day moving average price is $76.01 and its two-hundred day moving average price is $65.88.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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.

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.