BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Crestline Management LP

Crestline Management LP increased its stake in BellRing Brands, Inc. (NYSE:BRBR) by 38.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,223 shares of the company’s stock after acquiring an additional 3,923 shares during the quarter. Crestline Management LP’s holdings in BellRing Brands were worth $1,072,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its stake in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands during the 4th quarter worth approximately $52,000. Aster Capital Management DIFC Ltd raised its holdings 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 valued at $55,000 after acquiring an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $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.

Insider Buying and Selling

In related news, insider Douglas J. Cornille sold 3,192 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was 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 in the company, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert V. Vitale sold 79,068 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the sale, the director now owns 982,706 shares in the company, valued at $75,707,670.24. This trade represents a 7.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,828 shares of company stock valued at $16,917,365. Company insiders own 1.07% of the company’s stock.

BellRing Brands Trading Down 1.3 %

NYSE BRBR opened at $61.95 on Friday. The stock has a fifty day simple moving average of $72.20 and a 200-day simple moving average of $73.49. The stock has a market cap of $7.95 billion, a PE ratio of 29.08, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

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

BellRing Brands declared that its board has approved a stock buyback program on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts recently commented on BRBR shares. Truist Financial reduced their price objective on BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday. Mizuho increased their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Stephens restated an “equal weight” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Citigroup cut their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Morgan Stanley began coverage on shares of BellRing Brands in a research note on Monday, March 24th. They issued an “overweight” rating and a $84.00 target price on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

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.