Aristides Capital LLC Takes Position in BellRing Brands, Inc. (NYSE:BRBR)

Aristides Capital LLC acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,557 shares of the company's stock, valued at approximately $343,000.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after acquiring an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the 4th quarter valued at approximately $52,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of BellRing Brands by 747.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock valued at $55,000 after acquiring an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after purchasing an additional 591 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after purchasing an additional 153 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

BellRing Brands stock traded up $1.03 during midday trading on Friday, reaching $75.04. The company had a trading volume of 376,939 shares, compared to its average volume of 1,201,929. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The firm's fifty day simple moving average is $72.69 and its 200-day simple moving average is $72.05. The company has a market capitalization of $9.63 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.24 and a beta of 0.78.

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BellRing Brands (NYSE:BRBR - Get Free Report) last issued 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 negative return on equity of 130.14% and a net margin of 13.32%. On average, analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BRBR shares. Morgan Stanley began coverage on BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 price target on the stock. Stephens reiterated an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. TD Cowen upped their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Mizuho raised 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.13.

Insider Activity

In related news, Director Robert V. Vitale sold 28,453 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands 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 transaction, the insider now directly owns 57,836 shares in the company, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 221,828 shares of company stock worth $16,917,365 over the last ninety days. Corporate insiders own 1.07% 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.