True Wealth Design LLC Has $116,000 Stake in BellRing Brands, Inc. (NYSE:BRBR)

True Wealth Design LLC increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 918.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,538 shares of the company’s stock after buying an additional 1,387 shares during the period. True Wealth Design LLC’s holdings in BellRing Brands were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its position in BellRing Brands by 6.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,669 shares of the company’s stock worth $352,000 after purchasing an additional 266 shares during the period. Merit Financial Group LLC bought a new stake in BellRing Brands during the fourth quarter worth about $706,000. Somerset Trust Co bought a new stake in BellRing Brands during the fourth quarter worth about $203,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in BellRing Brands during the fourth quarter worth about $226,000. Finally, Oak Ridge Investments LLC lifted its position in BellRing Brands by 2.3% during the fourth quarter. Oak Ridge Investments LLC now owns 129,795 shares of the company’s stock worth $9,779,000 after purchasing an additional 2,959 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the transaction, the director now directly owns 818,180 shares in the company, valued at approximately $59,776,230.80. This trade represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total value of $239,814.96. Following the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This trade represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,207 shares of company stock worth $8,253,616 in the last ninety days. Corporate insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BRBR shares. Evercore ISI lowered their target price on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Stephens reissued an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. UBS Group lowered their target price on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Truist Financial lowered their target price on BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Finally, Barclays set a $75.00 target price on BellRing Brands and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

BellRing Brands Stock Performance

BellRing Brands stock opened at $65.95 on Friday. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock’s 50 day moving average price is $71.60 and its two-hundred day moving average price is $73.48.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $577.56 million. During the same period last year, the business earned $0.45 EPS. BellRing Brands’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.