BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,898 shares of the company’s stock after buying an additional 2,134 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of BellRing Brands worth $3,930,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BRBR. BlackRock Inc. grew its stake in shares of BellRing Brands by 328.4% in the first quarter. BlackRock Inc. now owns 12,967,658 shares of the company’s stock valued at $299,293,000 after buying an additional 9,940,436 shares in the last quarter. Vanguard Group Inc. boosted its holdings in BellRing Brands by 183.4% in the 1st quarter. Vanguard Group Inc. now owns 10,814,461 shares of the company’s stock worth $249,598,000 after acquiring an additional 6,997,877 shares during the period. State Street Corp grew its position in BellRing Brands by 332.1% in the first quarter. State Street Corp now owns 3,676,863 shares of the company’s stock valued at $84,862,000 after acquiring an additional 2,826,014 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BellRing Brands by 1,640.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,725,639 shares of the company’s stock valued at $62,909,000 after purchasing an additional 2,569,055 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of BellRing Brands by 11,443.3% during the first quarter. The Manufacturers Life Insurance Company now owns 2,384,380 shares of the company’s stock valued at $55,031,000 after purchasing an additional 2,363,724 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRBR has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Needham & Company LLC lifted their target price on BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Morgan Stanley increased their price target on BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Stephens restated an “equal weight” rating and set a $51.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 6th. Finally, Citigroup initiated coverage on BellRing Brands in a research report on Thursday, February 1st. They issued a “buy” rating and a $67.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.08.

BellRing Brands Trading Up 1.3 %

Shares of NYSE BRBR opened at $55.21 on Wednesday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83. BellRing Brands, Inc. has a twelve month low of $33.99 and a twelve month high of $62.76. The business has a 50 day simple moving average of $58.22 and a 200-day simple moving average of $52.99.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $430.40 million during the quarter, compared to the consensus estimate of $407.91 million. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. As a group, equities analysts predict that BellRing Brands, Inc. will post 1.67 earnings per share for the current year.

Insider Activity

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the sale, the director now owns 24,646 shares in the company, valued at $1,424,785.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.