BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,759,181 shares of the company's stock after selling 420,308 shares during the period. Alliancebernstein L.P. owned 2.14% of BellRing Brands worth $207,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Axiom Investors LLC DE lifted its holdings in shares of BellRing Brands by 4,670.5% in the 4th quarter. Axiom Investors LLC DE now owns 434,113 shares of the company's stock worth $32,706,000 after buying an additional 425,013 shares during the period. Wellington Management Group LLP raised its holdings in shares of BellRing Brands by 32.6% in the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after acquiring an additional 898,885 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in BellRing Brands by 17.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,587 shares of the company's stock worth $873,000 after acquiring an additional 1,715 shares during the period. Dorsey Wright & Associates grew its holdings in BellRing Brands by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company's stock worth $3,799,000 after acquiring an additional 163 shares in the last quarter. Finally, Premier Fund Managers Ltd increased its position in BellRing Brands by 8.8% during the 4th quarter. Premier Fund Managers Ltd now owns 14,954 shares of the company's stock valued at $1,130,000 after purchasing an additional 1,209 shares during the period. Institutional investors own 94.97% of the company's stock.

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BellRing Brands Stock Down 5.4 %

Shares of NYSE:BRBR traded down $3.96 during trading on Friday, hitting $69.83. The stock had a trading volume of 2,325,214 shares, compared to its average volume of 1,192,857. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78. The stock has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $71.64.

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

BellRing Brands declared that its Board of Directors has initiated a share repurchase program on Thursday, March 6th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 79,068 shares of BellRing Brands stock in a transaction on Friday, February 14th. The shares were sold at an average price of $77.04, for a total value of $6,091,398.72. Following the completion of the transaction, the director now owns 982,706 shares of the company's stock, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now directly owns 57,836 shares in the company, valued at approximately $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,828 shares of company stock worth $16,917,365. Insiders own 1.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Citigroup lifted their target price on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Mizuho increased their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, Stephens reiterated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.13.

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.