Stifel Financial Corp Has $14.16 Million Stake in BellRing Brands, Inc. (NYSE:BRBR)

Stifel Financial Corp reduced its position in BellRing Brands, Inc. (NYSE:BRBR) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,939 shares of the company’s stock after selling 2,907 shares during the quarter. Stifel Financial Corp owned approximately 0.15% of BellRing Brands worth $14,159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Pallas Capital Advisors LLC boosted its position in shares of BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock valued at $1,264,000 after acquiring an additional 10,117 shares in the last quarter. Encompass More Asset Management acquired a new stake in BellRing Brands during the fourth quarter valued at approximately $549,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of BellRing Brands by 4.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 82,598 shares of the company’s stock valued at $6,223,000 after purchasing an additional 3,865 shares during the period. Truist Financial Corp grew its stake in shares of BellRing Brands by 11.8% in the 4th quarter. Truist Financial Corp now owns 672,139 shares of the company’s stock valued at $50,639,000 after purchasing an additional 70,878 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of BellRing Brands in the 4th quarter worth approximately $10,673,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now directly owns 57,836 shares of the company’s stock, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock valued at $16,917,365 over the last three months. Company insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BRBR. Morgan Stanley began coverage on BellRing Brands in a research note on Monday, March 24th. They issued an “overweight” rating and a $84.00 price target on the stock. Mizuho upped their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Stephens reiterated an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. TD Cowen boosted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Barclays raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $79.25.

BellRing Brands Stock Up 0.5 %

BellRing Brands stock opened at $75.17 on Friday. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The business’s 50-day simple moving average is $72.29 and its 200 day simple moving average is $73.07.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has initiated a share repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually 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.