Charles Schwab Investment Management Inc. Sells 9,065 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Charles Schwab Investment Management Inc. lessened its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,258,218 shares of the company's stock after selling 9,065 shares during the period. Charles Schwab Investment Management Inc. owned 0.98% of BellRing Brands worth $94,794,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC increased its stake in shares of BellRing Brands by 0.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company's stock valued at $1,337,000 after acquiring an additional 142 shares during the period. Fifth Third Bancorp boosted its stake in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after purchasing an additional 153 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company's stock valued at $1,393,000 after purchasing an additional 181 shares during the period. Argonautica Private Wealth Management Inc. increased its position in shares of BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company's stock valued at $472,000 after purchasing an additional 185 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of BellRing Brands by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company's stock worth $305,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Mizuho lifted their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Stephens reiterated an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Citigroup raised their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus upped their price target on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.79.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 28,453 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is owned by corporate insiders.

BellRing Brands Price Performance

BRBR traded down $1.89 on Thursday, reaching $66.21. 903,413 shares of the company traded hands, compared to its average volume of 1,129,322. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.24 and a beta of 0.85. The stock's 50 day moving average price is $74.02 and its 200-day moving average price is $69.87. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly 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, equities research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its board has initiated a stock repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management 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.