New Age Alpha Advisors LLC Invests $5.76 Million in BellRing Brands, Inc. (NYSE:BRBR)

New Age Alpha Advisors LLC acquired a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 76,413 shares of the company's stock, valued at approximately $5,757,000. New Age Alpha Advisors LLC owned approximately 0.06% of BellRing Brands as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BRBR. Vanguard Group Inc. grew its position in BellRing Brands by 1.0% in the fourth 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 during the last quarter. Wasatch Advisors LP grew its holdings in shares of BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after acquiring an additional 494,669 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of BellRing Brands by 9.3% during the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock valued at $285,646,000 after purchasing an additional 380,216 shares during the last quarter. State Street Corp boosted its position in shares of BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after purchasing an additional 50,339 shares during the period. Finally, Wellington Management Group LLP increased its stake in BellRing Brands by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company's stock worth $167,388,000 after purchasing an additional 281,667 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

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BellRing Brands Stock Up 1.4 %

Shares of BRBR traded up $1.06 during mid-day trading on Wednesday, hitting $76.20. 426,692 shares of the company's stock were exchanged, compared to its average volume of 1,177,769. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 2.24 and a beta of 0.85. The firm has a fifty day moving average of $73.61 and a two-hundred day moving average of $71.42. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

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

BellRing Brands declared that its board has authorized a share buyback program on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Robert V. Vitale sold 28,453 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 218,636 shares of company stock valued at $16,677,550. Insiders own 1.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRBR. Morgan Stanley initiated coverage on shares of BellRing Brands in a research note on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective for the company. TD Cowen raised their price objective 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. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Stephens reaffirmed 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 upped their price target on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, BellRing Brands has an average rating of "Moderate Buy" and a consensus target price of $79.13.

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.