Montanaro Asset Management Ltd Invests $7.53 Million in BellRing Brands, Inc. (NYSE:BRBR)

Montanaro Asset Management Ltd purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $7,534,000. Montanaro Asset Management Ltd owned approximately 0.08% of BellRing Brands as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company's stock valued at $76,949,000 after purchasing an additional 333,287 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in BellRing Brands by 152.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock valued at $1,264,000 after buying an additional 10,117 shares during the period. State Street Corp grew its stake in shares of BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company's stock worth $236,001,000 after acquiring an additional 50,339 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BellRing Brands during the third quarter worth $439,000. Finally, Encompass More Asset Management acquired a new stake in shares of BellRing Brands in the fourth quarter valued at $549,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Up 0.4 %

BRBR traded up $0.29 on Monday, hitting $74.47. 191,397 shares of the company traded hands, compared to its average volume of 1,271,694. The company has a 50 day moving average of $73.58 and a 200-day moving average of $71.19. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market capitalization of $9.55 billion, a PE ratio of 34.96, a PEG ratio of 2.24 and a beta of 0.85.

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BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has authorized a share repurchase plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley started coverage on BellRing Brands in a research note on Monday, March 24th. They set an "overweight" rating and a $84.00 target price for the company. Barclays boosted their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Stephens reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen lifted 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. Finally, Mizuho increased their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $79.13.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 15,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the transaction, the director now owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. The trade was a 1.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is owned by corporate insiders.

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.