New Age Alpha Advisors LLC Buys Shares of 76,413 BellRing Brands, Inc. (NYSE:BRBR)

New Age Alpha Advisors LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 76,413 shares of the company’s stock, valued at approximately $5,757,000.

Other institutional investors also recently modified their holdings of the company. Pallas Capital Advisors LLC grew its stake in shares of BellRing Brands by 152.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after buying an additional 10,117 shares during the last quarter. State Street Corp grew its position in BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after acquiring an additional 50,339 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in BellRing Brands in the 3rd quarter worth about $439,000. Encompass More Asset Management bought a new position in BellRing Brands in the fourth quarter valued at about $549,000. Finally, Capstone Investment Advisors LLC bought a new position in BellRing Brands in the third quarter valued at about $584,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BRBR. Stephens reiterated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Citigroup raised their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays lifted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Mizuho raised their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Three investment 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, BellRing Brands has an average rating of “Moderate Buy” and an average target price of $79.13.

Insiders Place Their Bets

In other news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 218,636 shares of company stock worth $16,677,550. Insiders own 1.07% of the company’s stock.

BellRing Brands Trading Up 0.2 %

NYSE:BRBR opened at $74.16 on Friday. The firm has a fifty day simple moving average of $73.58 and a two-hundred day simple moving average of $71.01. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. Equities analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has approved a share buyback program on Thursday, March 6th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.