Montanaro Asset Management Ltd Takes $7.53 Million Position in BellRing Brands, Inc. (NYSE:BRBR)

Montanaro Asset Management Ltd acquired a new position in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $7,534,000. Montanaro Asset Management Ltd owned about 0.08% of BellRing Brands as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its position in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares during the period. Truvestments Capital LLC acquired a new stake in shares of BellRing Brands during the third quarter worth $44,000. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the fourth quarter worth $52,000. EverSource Wealth Advisors LLC lifted its holdings in BellRing Brands by 180.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after buying an additional 591 shares during the period. Finally, Fifth Third Bancorp boosted its position in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after acquiring an additional 153 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Up 0.6 %

Shares of BellRing Brands stock opened at $73.94 on Thursday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The business has a 50 day moving average price of $73.53 and a 200-day moving average price of $70.87. The company has a market cap of $9.49 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current 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.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the transaction, the director now owns 818,180 shares of the company’s stock, valued at $59,776,230.80. This trade represents a 1.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRBR. Mizuho boosted their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Barclays increased their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Morgan Stanley started coverage on shares of BellRing Brands in a research report on Monday. They set an “overweight” rating and a $84.00 price objective for the company. 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. Finally, Citigroup lifted 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. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.13.

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.