BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in BellRing Brands, Inc. (NYSE:BRBR) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 394,037 shares of the company’s stock after acquiring an additional 9,281 shares during the period. Sei Investments Co. owned approximately 0.31% of BellRing Brands worth $29,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRBR. UMB Bank n.a. lifted its position in 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 purchasing an additional 234 shares during the period. Truvestments Capital LLC purchased a new position in shares of BellRing Brands during the 3rd quarter worth approximately $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of BellRing Brands by 180.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after buying an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

BRBR has been the subject of several research analyst reports. Stephens reiterated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Morgan Stanley started coverage on shares of BellRing Brands in a research note on Monday. They issued an “overweight” rating and a $84.00 price objective for the company. Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. TD Cowen lifted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.13.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 79,068 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the transaction, the director now directly owns 982,706 shares in the company, valued at $75,707,670.24. This represents a 7.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 218,636 shares of company stock worth $16,677,550 over the last quarter. 1.07% of the stock is currently owned by insiders.

BellRing Brands Trading Down 0.0 %

NYSE:BRBR opened at $73.54 on Wednesday. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth 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 company’s 50-day moving average is $73.51 and its two-hundred day moving average is $70.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts forecast 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 share buyback program on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership 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.