Proficio Capital Partners LLC Invests $4.66 Million in BellRing Brands, Inc. (NYSE:BRBR)

Proficio Capital Partners LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,854 shares of the company's stock, valued at approximately $4,660,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after acquiring an additional 234 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands in the fourth quarter valued at about $52,000. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the third quarter valued at about $44,000. Finally, Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 18.2% in the fourth 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.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the transaction, the director now directly owns 1,166,691 shares of the company's stock, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

BRBR has been the subject of a number of recent research reports. Truist Financial boosted their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Stephens reiterated an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Mizuho boosted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, DA Davidson reiterated a "neutral" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus target price of $78.79.

BellRing Brands Trading Up 0.9 %

Shares of BRBR stock traded up $0.61 during trading hours on Friday, reaching $69.02. 1,972,344 shares of the company's stock were exchanged, compared to its average volume of 1,119,029. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a market cap of $8.85 billion, a PE ratio of 32.41, a PEG ratio of 2.24 and a beta of 0.85. The stock's fifty day moving average price is $74.53 and its two-hundred day moving average price is $69.54.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its 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%. On average, equities analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has initiated 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.