BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,438,006 shares of the company's stock after purchasing an additional 135,105 shares during the period. Vanguard Group Inc. owned 10.43% of BellRing Brands worth $1,012,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stevens Capital Management LP acquired a new stake in BellRing Brands in the 4th quarter worth about $206,000. LPL Financial LLC boosted its position in shares of BellRing Brands by 40.9% in the fourth quarter. LPL Financial LLC now owns 37,514 shares of the company's stock worth $2,826,000 after acquiring an additional 10,882 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of BellRing Brands in the fourth quarter worth approximately $2,295,000. Sei Investments Co. grew its holdings in BellRing Brands by 2.4% in the fourth quarter. Sei Investments Co. now owns 394,037 shares of the company's stock valued at $29,687,000 after purchasing an additional 9,281 shares during the period. Finally, American Century Companies Inc. increased its position in BellRing Brands by 24.7% during the fourth quarter. American Century Companies Inc. now owns 703,632 shares of the company's stock worth $53,012,000 after purchasing an additional 139,322 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stephens reiterated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen boosted their price target on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Mizuho lifted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley initiated coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target for the company. Finally, Citigroup boosted their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.13.

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BellRing Brands Trading Up 1.4 %

BRBR stock traded up $1.08 during mid-day trading on Wednesday, hitting $76.22. 297,416 shares of the company were exchanged, compared to its average volume of 1,177,363. The firm has a fifty day simple moving average of $73.61 and a 200 day simple moving average of $71.42. The company has a market capitalization of $9.78 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. 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 quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has approved 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 reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares in the company, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 218,636 shares of company stock worth $16,677,550 in the last three months. 1.07% of the stock is owned by insiders.

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.