4,359 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,359 shares of the company's stock, valued at approximately $328,000.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after buying an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in BellRing Brands during the fourth quarter worth about $52,000. Truvestments Capital LLC acquired a new stake in BellRing Brands during the third quarter worth about $44,000. Fifth Third Bancorp increased its stake in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after acquiring an additional 153 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in BellRing Brands by 160.5% during the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the company's stock worth $79,000 after acquiring an additional 647 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Trading Up 0.4 %

NYSE BRBR traded up $0.26 during mid-day trading on Friday, reaching $70.66. 1,132,516 shares of the company's stock traded hands, compared to its average volume of 1,127,844. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a fifty day simple moving average of $73.45 and a 200-day simple moving average of $70.51. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.24 and a beta of 0.85.

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BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. Equities research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its board has approved a share repurchase program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares of the company's stock, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 218,636 shares of company stock worth $16,677,550 in the last 90 days. 1.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BRBR. Barclays upped their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. TD Cowen upped their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Stephens reiterated an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $78.79.

BellRing Brands 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.