American Century Companies Inc. Boosts Holdings in BellRing Brands, Inc. (NYSE:BRBR)

American Century Companies Inc. lifted its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 703,632 shares of the company's stock after purchasing an additional 139,322 shares during the quarter. American Century Companies Inc. owned about 0.55% of BellRing Brands worth $53,012,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BellRing Brands during the third quarter valued at $1,346,000. Charles Schwab Investment Management Inc. increased its holdings in shares of BellRing Brands by 35.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company's stock worth $76,949,000 after buying an additional 333,287 shares during the last quarter. Citigroup Inc. raised its position in shares of BellRing Brands by 26.6% during the 3rd quarter. Citigroup Inc. now owns 80,263 shares of the company's stock valued at $4,874,000 after buying an additional 16,887 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of BellRing Brands by 125.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,100 shares of the company's stock valued at $492,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in BellRing Brands in the third quarter worth about $44,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Up 0.2 %

Shares of NYSE BRBR traded up $0.18 during trading hours on Friday, hitting $74.16. 759,190 shares of the stock were exchanged, compared to its average volume of 1,179,409. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The firm has a fifty day moving average price of $73.58 and a 200-day moving average price of $71.19. The company has a market cap of $9.51 billion, a PE ratio of 34.82, a PEG 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 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%. As a group, equities analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the sale, the director now owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

About BellRing Brands

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.