Oak Ridge Investments LLC Has $9.78 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Oak Ridge Investments LLC raised its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 129,795 shares of the company’s stock after purchasing an additional 2,959 shares during the quarter. BellRing Brands accounts for about 0.8% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 27th biggest position. Oak Ridge Investments LLC owned about 0.10% of BellRing Brands worth $9,779,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in BRBR. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of BellRing Brands in the fourth quarter worth about $226,000. Somerset Trust Co acquired a new stake in BellRing Brands during the 4th quarter worth approximately $203,000. Merit Financial Group LLC acquired a new stake in BellRing Brands during the 4th quarter worth approximately $706,000. Argent Capital Management LLC lifted its stake in BellRing Brands by 18.4% in the fourth quarter. Argent Capital Management LLC now owns 31,158 shares of the company’s stock valued at $2,347,000 after buying an additional 4,845 shares in the last quarter. Finally, Burney Co. boosted its holdings in shares of BellRing Brands by 4.0% in the fourth quarter. Burney Co. now owns 204,273 shares of the company’s stock valued at $15,390,000 after buying an additional 7,768 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Performance

Shares of BRBR opened at $72.37 on Friday. The company’s 50-day simple moving average is $75.34 and its 200-day simple moving average is $64.29. The stock has a market capitalization of $9.32 billion, a PE ratio of 38.70, a P/E/G ratio of 2.39 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year 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 analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. On average, sell-side analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRBR. Mizuho lifted their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Evercore ISI upped their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Citigroup upped their target price on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, 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 report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.