Segall Bryant & Hamill LLC Has $8.99 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Segall Bryant & Hamill LLC reduced its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,346 shares of the company's stock after selling 53,874 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of BellRing Brands worth $8,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after buying an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $52,000. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at approximately $44,000. EverSource Wealth Advisors LLC boosted its stake in BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after purchasing an additional 591 shares during the period. Finally, Fifth Third Bancorp grew its position in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after purchasing an additional 153 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

Insider Activity at BellRing Brands

In other news, Director Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now directly owns 818,180 shares in the company, valued at approximately $59,776,230.80. The trade was a 1.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company's stock.

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Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of research analyst reports. Barclays increased their target price on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. 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. Morgan Stanley started coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 target price on the stock. Stephens reissued an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, TD Cowen upped 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.13.

BellRing Brands Stock Up 0.3 %

Shares of BRBR stock traded up $0.21 during trading hours on Monday, reaching $74.39. 1,350,028 shares of the company's stock were exchanged, compared to its average volume of 1,180,088. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The stock has a market capitalization of $9.54 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.24 and a beta of 0.85. The business has a fifty day moving average price of $73.62 and a 200-day moving average price of $71.30.

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, beating the consensus estimate 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, research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has approved a share repurchase program on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

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.