Vanguard Group Inc. Buys 135,105 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Vanguard Group Inc. increased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 13,438,006 shares of the company’s stock after buying an additional 135,105 shares during the quarter. Vanguard Group Inc. owned 0.10% of BellRing Brands worth $1,012,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wasatch Advisors LP grew its position in shares of BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after buying an additional 494,669 shares during the period. Franklin Resources Inc. grew its holdings in 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 period. State Street Corp increased its stake in BellRing Brands by 1.3% in the third 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 in the last quarter. Wellington Management Group LLP raised its holdings in BellRing Brands by 11.4% in the third 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 during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of BellRing Brands by 21.5% during the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock worth $157,202,000 after purchasing an additional 457,796 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BRBR. Morgan Stanley started coverage on shares of BellRing Brands in a research report on Monday, March 24th. They issued an “overweight” rating and a $84.00 price objective for the company. TD Cowen increased their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Stephens reiterated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Barclays lifted their price target 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average price target of $79.13.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 218,636 shares of company stock valued at $16,677,550. Insiders own 1.07% of the company’s stock.

BellRing Brands Trading Up 0.2 %

Shares of BRBR opened at $74.16 on Friday. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The firm has a fifty day simple moving average of $73.58 and a 200 day simple moving average of $71.01.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 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, research analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a share repurchase plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors 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.