Oak Thistle LLC Acquires Shares of 13,689 BellRing Brands, Inc. (NYSE:BRBR)

Oak Thistle LLC bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,689 shares of the company’s stock, valued at approximately $1,031,000.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC raised its holdings in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the period. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter worth $44,000. Quarry LP boosted its holdings in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of BellRing Brands by 53.9% in the third quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock worth $118,000 after acquiring an additional 682 shares during the period. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Trading Up 0.3 %

BRBR opened at $72.89 on Thursday. The stock has a market capitalization of $9.39 billion, a P/E ratio of 38.98, a PEG ratio of 2.59 and a beta of 0.86. The stock has a 50-day moving average price of $75.12 and a 200-day moving average price of $64.06. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup increased their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. DA Davidson reiterated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Evercore ISI boosted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.