International Assets Investment Management LLC Invests $5.08 Million in BellRing Brands, Inc. (NYSE:BRBR)

International Assets Investment Management LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company's stock worth $42,000 after acquiring an additional 375 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in BellRing Brands during the 4th quarter worth approximately $56,000. Parkside Financial Bank & Trust raised its stake in shares of BellRing Brands by 108.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company's stock worth $50,000 after buying an additional 636 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BellRing Brands in the 1st quarter valued at approximately $31,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the sale, the director now directly owns 24,646 shares of the company's stock, valued at approximately $1,424,785.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial downgraded shares of BellRing Brands from a "buy" rating to a "hold" rating and reduced their price target for the company from $55.00 to $50.00 in a research report on Wednesday, January 3rd. Stephens reiterated an "equal weight" rating and set a $51.00 price target on shares of BellRing Brands 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 company an "overweight" rating in a research report on Thursday, February 8th. Needham & Company LLC lifted their price objective on BellRing Brands from $52.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, February 6th. Finally, Morgan Stanley lifted their price objective on BellRing Brands from $61.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $57.08.

BellRing Brands Price Performance

Shares of BRBR traded up $0.70 during midday trading on Tuesday, reaching $55.21. The stock had a trading volume of 899,437 shares, compared to its average volume of 1,239,469. The firm's 50 day moving average price is $58.22 and its 200-day moving average price is $52.99. BellRing Brands, Inc. has a 52 week low of $33.99 and a 52 week high of $62.76. The company has a market capitalization of $7.23 billion, a P/E ratio of 44.52, a P/E/G ratio of 2.09 and a beta of 0.83.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $407.91 million. On average, equities analysts forecast that BellRing Brands, Inc. will post 1.67 earnings per share for the current year.

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.