International Assets Investment Management LLC Purchases New Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC purchased a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 247,853 shares of the company’s stock, valued at approximately $321,000. International Assets Investment Management LLC owned 0.18% of BellRing Brands as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of BellRing Brands in the 1st quarter worth approximately $31,000. Macquarie Group Ltd. grew its position in BellRing Brands by 70.7% in the second quarter. Macquarie Group Ltd. now owns 2,900 shares of the company’s stock valued at $72,000 after acquiring an additional 1,201 shares during the period. Captrust Financial Advisors grew its position in BellRing Brands by 1,612.5% in the first quarter. Captrust Financial Advisors now owns 3,288 shares of the company’s stock valued at $76,000 after acquiring an additional 3,096 shares during the period. First Manhattan Co. bought a new stake in BellRing Brands in the first quarter valued at $76,000. Finally, Advisor Group Holdings Inc. grew its position in BellRing Brands by 1,839.2% in the first quarter. Advisor Group Holdings Inc. now owns 3,413 shares of the company’s stock valued at $78,000 after acquiring an additional 3,237 shares during the period. 92.40% of the stock is currently owned by institutional investors.

BellRing Brands Stock Up 0.9 %

Shares of BRBR opened at $34.10 on Friday. BellRing Brands, Inc. has a 12-month low of $20.20 and a 12-month high of $35.40. The firm has a market capitalization of $4.55 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The stock’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $27.11.

BellRing Brands (NYSE:BRBR – Get Rating) last issued its quarterly earnings results on Monday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. BellRing Brands had a negative return on equity of 36.56% and a net margin of 8.29%. The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $342.98 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts anticipate that BellRing Brands, Inc. will post 1.23 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Mizuho reiterated a “buy” rating and issued a $38.00 price target on shares of BellRing Brands in a research report on Tuesday, February 7th. The Goldman Sachs Group upped their price target on BellRing Brands from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Stifel Nicolaus assumed coverage on BellRing Brands in a report on Thursday. They set a “buy” rating on the stock. Needham & Company LLC increased their target price on BellRing Brands from $32.00 to $35.00 in a report on Wednesday, February 8th. Finally, Morgan Stanley increased their target price on BellRing Brands from $32.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BellRing Brands presently has an average rating of “Buy” and an average price target of $37.30.

BellRing Brands Company Profile

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BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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