Gamco Investors INC. ET AL Sells 4,308 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Gamco Investors INC. ET AL lowered its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 270,292 shares of the company's stock after selling 4,308 shares during the period. Gamco Investors INC. ET AL owned 0.21% of BellRing Brands worth $20,364,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake 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 purchasing an additional 234 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands during the fourth quarter worth $52,000. Aster Capital Management DIFC Ltd raised its position in 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 buying an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock valued at $69,000 after acquiring an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Trading Up 1.7 %

Shares of BellRing Brands stock traded up $1.28 on Friday, reaching $75.20. The stock had a trading volume of 827,818 shares, compared to its average volume of 1,208,736. The business's 50 day moving average is $72.55 and its two-hundred day moving average is $72.56. The company has a market cap of $9.65 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 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%. On average, equities analysts anticipate 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 share buyback program on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Robert V. Vitale sold 79,068 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the transaction, the director now directly owns 982,706 shares of the company's stock, valued at approximately $75,707,670.24. This trade represents a 7.45 % decrease in their position. The sale was disclosed in a 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 that occurred on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the transaction, the insider now owns 57,836 shares in the company, valued at $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,828 shares of company stock worth $16,917,365. 1.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BRBR shares. Stephens reissued 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 target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Citigroup lifted their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Barclays raised their target price on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley initiated coverage on shares of BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target on the stock. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, BellRing Brands currently 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.