BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by PYA Waltman Capital LLC

PYA Waltman Capital LLC lessened its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 73,431 shares of the company’s stock after selling 228 shares during the period. BellRing Brands makes up approximately 1.8% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 16th largest position. PYA Waltman Capital LLC’s holdings in BellRing Brands were worth $5,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Legacy Capital Group California Inc. purchased a new stake in BellRing Brands in the fourth quarter valued at approximately $210,000. ING Groep NV purchased a new stake in BellRing Brands during the fourth quarter valued at about $1,884,000. Concurrent Investment Advisors LLC acquired a new stake in BellRing Brands during the fourth quarter worth about $249,000. Handelsbanken Fonder AB raised its holdings in shares of BellRing Brands by 1.7% in the 4th quarter. Handelsbanken Fonder AB now owns 36,080 shares of the company’s stock worth $2,718,000 after purchasing an additional 600 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of BellRing Brands in the 4th quarter valued at about $10,673,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 156,870 shares of company stock valued at $12,087,294. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Trading Down 4.4 %

Shares of NYSE:BRBR opened at $74.01 on Friday. The business has a 50-day moving average price of $75.72 and a two-hundred day moving average price of $68.20. The stock has a market capitalization of $9.49 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last issued 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, equities analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BRBR shares. Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus increased their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Mizuho lifted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Evercore ISI increased their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

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.