BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,627 shares of the company's stock after selling 3,595 shares during the quarter. BellRing Brands makes up approximately 1.9% of Rosenblum Silverman Sutton S F Inc. CA's portfolio, making the stock its 18th largest holding. Rosenblum Silverman Sutton S F Inc. CA owned 0.08% of BellRing Brands worth $7,732,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in BellRing Brands in the 4th quarter valued at $114,185,000. Wellington Management Group LLP boosted its stake in BellRing Brands by 32.6% during the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after buying an additional 898,885 shares during the period. Assenagon Asset Management S.A. grew its position in BellRing Brands by 200.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company's stock worth $74,781,000 after buying an additional 661,774 shares in the last quarter. Axiom Investors LLC DE increased its stake in BellRing Brands by 4,670.5% in the 4th quarter. Axiom Investors LLC DE now owns 434,113 shares of the company's stock worth $32,706,000 after acquiring an additional 425,013 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of 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 in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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BellRing Brands Stock Performance

BRBR stock traded up $0.72 during mid-day trading on Wednesday, reaching $70.39. 597,675 shares of the stock traded hands, compared to its average volume of 1,199,692. The business has a 50-day moving average price of $72.92 and a two-hundred day moving average price of $71.85. The stock has a market capitalization of $9.03 billion, a PE ratio of 32.89, a PEG ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a one year low of $48.06 and a one year 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, beating 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, equities analysts expect 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 stock repurchase plan on Thursday, March 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now directly owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. The trade was a 2.50 % 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. Also, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,828 shares of company stock valued at $16,917,365. Company insiders own 1.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BRBR. Stephens reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Citigroup upped 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. Finally, Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $79.13.

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.