BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 69.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,517 shares of the company's stock after selling 10,409 shares during the period. Advisory Services Network LLC's holdings in BellRing Brands were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRBR. UMB Bank n.a. grew its position in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after purchasing an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands in the 4th quarter valued at about $52,000. Aster Capital Management DIFC Ltd increased its stake in shares of BellRing Brands by 747.7% during 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 lifted its holdings in shares of BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after acquiring an additional 591 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BRBR shares. TD Cowen increased their price target 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. Barclays upped their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Citigroup lifted their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. UBS Group assumed coverage on shares of BellRing Brands in a research report on Wednesday. They set a "neutral" rating and a $81.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, BellRing Brands currently has an average rating of "Moderate Buy" and a consensus target price of $79.25.

BellRing Brands Trading Down 0.6 %

NYSE BRBR traded down $0.47 during mid-day trading on Wednesday, reaching $74.88. 314,404 shares of the company's stock traded hands, compared to its average volume of 1,205,089. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a fifty day simple moving average of $72.43 and a 200-day simple moving average of $72.81. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share 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%. Equities research 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 initiated a stock repurchase plan on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, the director now owns 1,166,691 shares in the company, valued at $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction on 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 $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. In the last 90 days, insiders have sold 221,828 shares of company stock worth $16,917,365. 1.07% of the stock is currently owned by corporate insiders.

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.