43,597 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by J. Goldman & Co LP

J. Goldman & Co LP bought a new position in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 43,597 shares of the company’s stock, valued at approximately $3,285,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRBR. UMB Bank n.a. boosted its position in shares of 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 acquiring an additional 234 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of BellRing Brands during the 4th quarter valued at approximately $44,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands during the 4th quarter valued at approximately $52,000. Aster Capital Management DIFC Ltd boosted its position in shares of BellRing Brands by 747.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock valued at $55,000 after acquiring an additional 643 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 591 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction dated Tuesday, April 1st. The stock was 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 $4,345,218.68. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. This trade represents a 2.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,728 shares of company stock worth $16,533,335. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Down 1.1%

BRBR stock opened at $61.18 on Monday. The business’s fifty day simple moving average is $72.00 and its two-hundred day simple moving average is $73.57. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86.

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

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

Analyst Ratings Changes

A number of research firms have recently commented on BRBR. Barclays set a $75.00 target price on BellRing Brands and gave the company an “overweight” rating in a research report on Wednesday. Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Truist Financial lowered their price target on BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday. Citigroup lowered their price target on BellRing Brands from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group lowered their price target on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Four investment 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.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.