EAM Global Investors LLC Makes New $4.81 Million Investment in BellRing Brands, Inc. (NYSE:BRBR)

EAM Global Investors LLC bought a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 63,890 shares of the company's stock, valued at approximately $4,813,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRBR. Vanguard Group Inc. lifted its holdings in BellRing Brands by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock worth $1,012,419,000 after buying an additional 135,105 shares in the last quarter. Franklin Resources Inc. grew its stake in BellRing Brands by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock worth $344,885,000 after purchasing an additional 96,991 shares in the last quarter. Invesco Ltd. increased its holdings in BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after purchasing an additional 1,121,691 shares during the period. Wellington Management Group LLP boosted its stake in shares of BellRing Brands by 32.6% in the 4th quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after buying an additional 898,885 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of BellRing Brands by 12.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company's stock worth $131,570,000 after acquiring an additional 198,093 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

BRBR has been the subject of several recent research reports. Mizuho increased their target price 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. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley initiated coverage on shares of BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective on the stock. TD Cowen raised their target price 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. Finally, Barclays boosted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $79.13.

BellRing Brands Trading Down 2.6 %

NYSE:BRBR traded down $1.94 during trading hours on Monday, hitting $73.18. 121,262 shares of the stock traded hands, compared to its average volume of 1,205,293. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.24 and a beta of 0.78. The firm has a 50 day moving average price of $72.55 and a 200 day moving average price of $72.72. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued 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%. Research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has initiated a share buyback program on Thursday, March 6th that authorizes the company to repurchase $300.00 million in 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 an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In related news, Director Robert V. Vitale sold 44,249 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the completion of the sale, the director now directly owns 938,457 shares of the company's stock, valued at approximately $72,608,418.09. This represents a 4.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following 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 a total of 221,828 shares of company stock worth $16,917,365 over the last three months. Corporate 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.