BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by NBC Securities Inc.

NBC Securities Inc. grew its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 435.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,932 shares of the company’s stock after purchasing an additional 1,571 shares during the period. NBC Securities Inc.’s holdings in BellRing Brands were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Spire Wealth Management increased its holdings in shares of BellRing Brands by 40.0% in the 4th quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after acquiring an additional 300 shares during the period. Parallel Advisors LLC increased its holdings in shares of BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of BellRing Brands by 108.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after acquiring an additional 636 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of BellRing Brands in the 4th quarter worth about $44,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in BellRing Brands by 8.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,960 shares of the company’s stock valued at $718,000 after buying an additional 957 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Price Performance

BellRing Brands stock opened at $56.04 on Monday. The firm’s 50 day simple moving average is $57.24 and its 200-day simple moving average is $56.86. The company has a market cap of $7.31 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. BellRing Brands, Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $62.76.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. On average, analysts expect that BellRing Brands, Inc. will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Stephens reiterated an “equal weight” rating and issued a $53.00 target price on shares of BellRing Brands in a research report on Tuesday, May 7th. Morgan Stanley increased their target price on shares of BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Stifel Nicolaus increased their target price on shares of BellRing Brands from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Barclays raised their price objective on shares of BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.23.

Insider Buying and Selling

In related news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the sale, the chairman now directly owns 215,054 shares in the company, valued at $12,935,498.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.