Jump Financial LLC Purchases 40,254 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Jump Financial LLC grew its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 210.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,401 shares of the company's stock after purchasing an additional 40,254 shares during the period. Jump Financial LLC's holdings in BellRing Brands were worth $4,475,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BRBR. Pallas Capital Advisors LLC lifted its holdings in BellRing Brands by 152.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock worth $1,264,000 after purchasing an additional 10,117 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of BellRing Brands in the third quarter worth approximately $439,000. Encompass More Asset Management acquired a new stake in BellRing Brands during the 4th quarter valued at $549,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in BellRing Brands by 4.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 82,598 shares of the company's stock worth $6,223,000 after acquiring an additional 3,865 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of BellRing Brands by 11.8% during the fourth quarter. Truist Financial Corp now owns 672,139 shares of the company's stock worth $50,639,000 after purchasing an additional 70,878 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Price Performance

Shares of BRBR traded up $2.22 during mid-day trading on Tuesday, reaching $75.18. The company had a trading volume of 251,876 shares, compared to its average volume of 1,204,395. The company has a market capitalization of $9.64 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 0.78. The company's 50-day moving average is $72.47 and its 200-day moving average is $72.80. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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, equities 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 initiated a stock buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays boosted their target price on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Morgan Stanley started coverage on shares of BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target on the stock. TD Cowen lifted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Stephens reiterated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, Mizuho raised their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BellRing Brands has a consensus rating of "Moderate Buy" and an average target price of $79.13.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 value of $239,814.96. Following the completion of the sale, the insider now owns 57,836 shares of the company's stock, 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 have sold 221,828 shares of company stock worth $16,917,365 in the last three months. Insiders own 1.07% of the company's stock.

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.