BellRing Brands, Inc. (NYSE:BRBR) Position Boosted by Dorsey Wright & Associates

Dorsey Wright & Associates lifted its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,429 shares of the company’s stock after purchasing an additional 163 shares during the period. Dorsey Wright & Associates’ holdings in BellRing Brands were worth $3,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BRBR. UMB Bank n.a. grew 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 worth $43,000 after buying an additional 234 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands in the 4th quarter worth $52,000. EverSource Wealth Advisors LLC raised its position in shares of BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock worth $69,000 after purchasing an additional 591 shares during the period. Fifth Third Bancorp lifted its holdings in shares of BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after purchasing an additional 153 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of BellRing Brands by 160.5% in the 4th quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock valued at $79,000 after purchasing an additional 647 shares during the period. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Trading Up 0.2 %

Shares of NYSE:BRBR opened at $74.16 on Friday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The firm has a fifty day moving average price of $73.58 and a 200 day moving average price of $71.10. The stock has a market capitalization of $9.51 billion, a PE ratio of 34.82, a P/E/G ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data 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 negative return on equity of 130.14% and a net margin of 13.32%. On average, sell-side 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 approved a stock 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 often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the sale, the director now directly owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 218,636 shares of company stock worth $16,677,550 over the last 90 days. Insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BRBR shares. Stephens reaffirmed an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Morgan Stanley started coverage on BellRing Brands in a report on Monday, March 24th. They issued an “overweight” rating and a $84.00 target price for the company. Mizuho upped their price target on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, TD Cowen raised their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and an average 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.