Meritage Portfolio Management Purchases 1,533 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Meritage Portfolio Management lifted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,554 shares of the company’s stock after buying an additional 1,533 shares during the quarter. Meritage Portfolio Management’s holdings in BellRing Brands were worth $1,699,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares in the last quarter. UMB Bank n.a. grew its holdings in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. Truvestments Capital LLC bought a new stake in BellRing Brands in the third quarter valued at $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands during the fourth quarter valued at about $52,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $76.53 on Thursday. The company’s fifty day moving average price is $75.96 and its 200-day moving average price is $66.23. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. As a group, equities research analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stephens reaffirmed an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday. 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 report on Wednesday, November 20th. Barclays increased their target price on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group boosted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, TD Cowen raised their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $77.53.

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.