12,917 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,917 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in BellRing Brands by 69.4% in the 4th 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. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the fourth quarter worth approximately $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the fourth quarter worth approximately $52,000. Aster Capital Management DIFC Ltd increased its position in shares of BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock worth $55,000 after purchasing an additional 643 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after purchasing an additional 591 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction on 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands 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 completion of the transaction, the insider now owns 57,836 shares of the company’s stock, 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. Over the last quarter, insiders sold 221,828 shares of company stock valued at $16,917,365. 1.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BRBR shares. Stephens reaffirmed an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Evercore ISI cut their price objective on shares of BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley assumed coverage on BellRing Brands in a report on Monday, March 24th. They set an “overweight” rating and a $84.00 target price on the stock. Mizuho increased their price target on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, UBS Group dropped their target price on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.00.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $61.18 on Friday. The firm has a market cap of $7.85 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.24 and a beta of 0.86. The firm’s 50 day moving average price is $72.00 and its 200-day moving average price is $73.46. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The business had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. During the same period last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is 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.