Oak Thistle LLC Invests $1.03 Million in BellRing Brands, Inc. (NYSE:BRBR)

Oak Thistle LLC bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,689 shares of the company’s stock, valued at approximately $1,031,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new stake in BellRing Brands during the second quarter valued at $206,000. Oppenheimer Asset Management Inc. boosted its position in shares of BellRing Brands by 48.3% during the 2nd 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 in the last quarter. Envestnet Asset Management Inc. grew its stake 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 period. Massachusetts Financial Services Co. MA bought a new stake in BellRing Brands in the second quarter worth approximately $1,000,000. Finally, Dimensional Fund Advisors LP lifted its stake in BellRing Brands by 3.7% in the second 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 period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Up 0.3 %

Shares of NYSE:BRBR opened at $72.89 on Thursday. The stock has a market cap of $9.39 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. The stock’s fifty day simple moving average is $75.12 and its two-hundred day simple moving average is $64.06. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. On average, sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Stifel Nicolaus lifted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stephens increased their price objective on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. Citigroup boosted their target price on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group increased their price target on 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.67.

About BellRing Brands

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.