Nebula Research & Development LLC Sells 13,778 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Nebula Research & Development LLC reduced its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,477 shares of the company's stock after selling 13,778 shares during the quarter. Nebula Research & Development LLC's holdings in BellRing Brands were worth $1,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BRBR. UMB Bank n.a. raised its stake in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after acquiring an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands during the 4th quarter worth about $52,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of BellRing Brands by 747.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 591 shares during the period. Finally, Fifth Third Bancorp lifted its position in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

Insider Buying and Selling

In other news, Director Robert V. Vitale sold 5,100 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the sale, the director now directly owns 1,166,691 shares of the company's stock, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction 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 transaction, the insider now directly owns 57,836 shares of the company's stock, valued at $4,345,218.68. This 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 valued at $16,917,365 over the last 90 days. 1.07% of the stock is owned by insiders.

BellRing Brands Stock Performance

Shares of BRBR opened at $75.17 on Friday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.24 and a beta of 0.78. The stock has a fifty day moving average of $72.29 and a 200-day moving average of $73.00.

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, 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%. As a group, equities analysts forecast 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 repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BRBR. TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Citigroup increased their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Stephens reissued an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. UBS Group started coverage on shares of BellRing Brands in a research note on Wednesday. They issued a "neutral" rating and a $81.00 price target on the stock. Finally, Morgan Stanley started 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 for the company. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.25.

BellRing Brands 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.

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