Gilder Gagnon Howe & Co. LLC Has $36.69 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Gilder Gagnon Howe & Co. LLC lifted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,946 shares of the company's stock after purchasing an additional 56,450 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.38% of BellRing Brands worth $36,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of BellRing Brands during the 3rd quarter valued at approximately $439,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BellRing Brands during the 3rd quarter worth $338,000. Franklin Resources Inc. grew its stake in BellRing Brands by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock valued at $285,646,000 after acquiring an additional 380,216 shares during the last quarter. GAMMA Investing LLC grew its position in shares of BellRing Brands by 134.5% in the fourth quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock valued at $156,000 after purchasing an additional 1,184 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in BellRing Brands in the 4th quarter valued at approximately $235,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on BRBR shares. TD Cowen upped their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Citigroup raised their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. UBS Group started coverage on BellRing Brands in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $81.00 target price on the stock. Stephens reissued an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, Barclays lifted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.25.

Insider Buying and Selling

In related news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the sale, the insider now directly owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert V. Vitale sold 44,249 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total value of $3,423,545.13. Following the transaction, the director now owns 938,457 shares of the company's stock, valued at approximately $72,608,418.09. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock worth $16,917,365 over the last three months. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Stock Up 2.2 %

BellRing Brands stock traded up $1.64 during mid-day trading on Tuesday, reaching $76.68. The company had a trading volume of 1,147,322 shares, compared to its average volume of 1,213,959. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.24 and a beta of 0.78. The company has a 50 day moving average of $72.24 and a 200-day moving average of $73.23.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping 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, analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its board has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

BellRing Brands Company Profile

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.