BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 743,014 shares of the company’s stock after selling 64,745 shares during the quarter. Loomis Sayles & Co. L P’s holdings in BellRing Brands were worth $55,979,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of BellRing Brands during the 3rd quarter worth $1,346,000. Charles Schwab Investment Management Inc. raised its holdings in BellRing Brands by 35.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after acquiring an additional 333,287 shares during the last quarter. Citigroup Inc. lifted its position in BellRing Brands by 26.6% during the third quarter. Citigroup Inc. now owns 80,263 shares of the company’s stock worth $4,874,000 after buying an additional 16,887 shares during the period. Daiwa Securities Group Inc. grew its holdings in BellRing Brands by 125.0% in the third quarter. Daiwa Securities Group Inc. now owns 8,100 shares of the company’s stock valued at $492,000 after purchasing an additional 4,500 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of BellRing Brands during the 3rd quarter worth $44,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BRBR shares. Barclays raised their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. TD Cowen upped their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley started coverage on BellRing Brands in a research report on Monday. They issued an “overweight” rating and a $84.00 target price for the company. Citigroup raised their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Mizuho boosted their price target 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.13.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands 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 sale, the director now owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is owned by company insiders.

BellRing Brands Stock Up 0.6 %

Shares of BRBR opened at $73.94 on Thursday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company has a 50 day moving average of $73.53 and a 200-day moving average of $70.87. The stock has a market capitalization of $9.49 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its board has authorized a stock repurchase program on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.