EAM Investors LLC Invests $5.28 Million in BellRing Brands, Inc. (NYSE:BRBR)

EAM Investors LLC bought a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,136 shares of the company's stock, valued at approximately $5,284,000. BellRing Brands accounts for about 0.8% of EAM Investors LLC's portfolio, making the stock its 23rd largest position. EAM Investors LLC owned about 0.05% of BellRing Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. UMB Bank n.a. increased 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 purchasing an additional 234 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands during the fourth quarter worth about $52,000. Aster Capital Management DIFC Ltd grew its holdings in shares of BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock valued at $69,000 after buying an additional 591 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after acquiring an additional 153 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

BRBR traded up $1.28 during trading on Friday, hitting $75.20. The stock had a trading volume of 827,818 shares, compared to its average volume of 1,208,736. The company has a 50 day moving average price of $72.55 and a 200-day moving average price of $72.56. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its 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 negative return on equity of 130.14% and a net margin of 13.32%. As a group, sell-side analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a share repurchase program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Robert V. Vitale sold 15,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of 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 ownership of the stock. 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 firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This trade represents a 5.23 % decrease in their position. 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 in the last quarter. Corporate insiders own 1.07% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BRBR. Mizuho lifted their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Stephens reiterated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Barclays increased their price objective 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. TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Citigroup increased their price target on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus 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.