Steward Partners Investment Advisory LLC Buys 332 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Steward Partners Investment Advisory LLC grew its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,111 shares of the company’s stock after acquiring an additional 332 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BellRing Brands were worth $159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its stake 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 in the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter worth approximately $44,000. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the fourth quarter worth approximately $52,000. Fifth Third Bancorp raised its stake in BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in BellRing Brands by 160.5% in the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock worth $79,000 after buying an additional 647 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the company’s stock in a transaction on Monday, February 10th. The shares were 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 represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 218,636 shares of company stock valued at $16,677,550 over the last ninety days. 1.07% of the stock is currently owned by insiders.

BellRing Brands Price Performance

Shares of BRBR opened at $67.44 on Friday. The firm has a market capitalization of $8.65 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company’s fifty day moving average price is $73.70 and its 200-day moving average price is $70.02.

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

BellRing Brands announced that its board has approved a stock repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. DA Davidson reissued a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen boosted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI upped their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Stephens reaffirmed an “equal weight” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.79.

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.