BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Sciencast Management LP

Sciencast Management LP boosted its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 103.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,928 shares of the company's stock after buying an additional 9,620 shares during the quarter. Sciencast Management LP's holdings in BellRing Brands were worth $1,426,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted 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 valued at $43,000 after acquiring an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of BellRing Brands in the 3rd quarter worth $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC boosted its position in BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock valued at $69,000 after purchasing an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in BellRing Brands by 18.2% in 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 last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert V. Vitale sold 79,068 shares of the business's stock in a transaction dated Friday, February 14th. The stock was 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 $75,707,670.24. The trade was a 7.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 218,636 shares of company stock valued at $16,677,550 in the last ninety days. Insiders own 1.07% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on BRBR. Barclays increased their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Stephens reissued an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Morgan Stanley assumed coverage on shares of BellRing Brands in a research note on Monday. They issued an "overweight" rating and a $84.00 target price for the company. Mizuho upped their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Citigroup raised their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.13.

BellRing Brands Price Performance

BRBR traded up $0.13 on Thursday, reaching $73.97. 692,385 shares of the stock were exchanged, compared to its average volume of 1,126,379. The company's 50-day moving average price is $73.53 and its 200 day moving average price is $70.87. The firm has a market capitalization of $9.49 billion, a PE ratio of 34.73, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $0.58 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 forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.