International Assets Investment Management LLC Purchases Shares of 91,570 BellRing Brands, Inc. (NYSE:BRBR)

International Assets Investment Management LLC purchased a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 91,570 shares of the company’s stock, valued at approximately $5,076,000. International Assets Investment Management LLC owned about 0.07% of BellRing Brands as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of BellRing Brands by 328.4% during the 1st quarter. BlackRock Inc. now owns 12,967,658 shares of the company’s stock worth $299,293,000 after buying an additional 9,940,436 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BellRing Brands by 183.4% during the 1st quarter. Vanguard Group Inc. now owns 10,814,461 shares of the company’s stock worth $249,598,000 after buying an additional 6,997,877 shares in the last quarter. State Street Corp lifted its position in shares of BellRing Brands by 332.1% during the 1st quarter. State Street Corp now owns 3,676,863 shares of the company’s stock worth $84,862,000 after buying an additional 2,826,014 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BellRing Brands by 1,640.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,725,639 shares of the company’s stock worth $62,909,000 after buying an additional 2,569,055 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of BellRing Brands by 11,443.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,384,380 shares of the company’s stock worth $55,031,000 after buying an additional 2,363,724 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

BRBR has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Barclays lifted their price target on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley lifted their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Citigroup began coverage on shares of BellRing Brands in a report on Thursday, February 1st. They issued a “buy” rating and a $67.00 price target on the stock. Finally, Stephens reaffirmed an “equal weight” rating and issued a $51.00 price target on shares of BellRing Brands in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.08.

BellRing Brands Price Performance

Shares of BRBR stock opened at $54.52 on Tuesday. The company’s fifty day simple moving average is $58.25 and its two-hundred day simple moving average is $52.89. BellRing Brands, Inc. has a 1 year low of $33.99 and a 1 year high of $62.76. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 2.09 and a beta of 0.83.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The business had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $407.91 million. Equities research analysts anticipate that BellRing Brands, Inc. will post 1.67 EPS for the current year.

Insider Activity

In other news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the transaction, the director now directly owns 24,646 shares in the company, valued at approximately $1,424,785.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.

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.