Encompass More Asset Management Invests $549,000 in BellRing Brands, Inc. (NYSE:BRBR)

Encompass More Asset Management purchased a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,287 shares of the company’s stock, valued at approximately $549,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the 3rd quarter valued at approximately $31,000. UMB Bank n.a. lifted its holdings in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares in the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the third quarter valued at about $44,000. Finally, Quarry LP lifted its holdings in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 0.3 %

Shares of BRBR stock opened at $76.01 on Friday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $79.90. The stock has a fifty day simple moving average of $75.61 and a two-hundred day simple moving average of $64.73. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 2.57 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating 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 net margin of 12.35% and a negative return on equity of 103.89%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Research analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRBR. Truist Financial increased their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Citigroup raised their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Barclays raised their price objective on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Evercore ISI boosted their target price on BellRing Brands from $70.00 to $78.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

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.