Nomura Holdings Inc. Invests $1.29 Million in BellRing Brands, Inc. (NYSE:BRBR)

Nomura Holdings Inc. purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,149 shares of the company’s stock, valued at approximately $1,292,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised 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 worth $43,000 after purchasing an additional 234 shares during the period. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands during the 4th quarter worth approximately $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands during the 4th quarter worth approximately $52,000. Aster Capital Management DIFC Ltd raised 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 worth $55,000 after purchasing an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC raised 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 worth $69,000 after purchasing an additional 591 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on BRBR shares. Citigroup lowered their target price on BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley started coverage on BellRing Brands in a research report on Monday, March 24th. They issued an “overweight” rating and a $84.00 target price on the stock. UBS Group lowered their target price on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Truist Financial lowered their target price on BellRing Brands from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Finally, Evercore ISI lowered their target price on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $77.00.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $65.95 on Friday. The stock has a fifty day moving average price of $71.60 and a two-hundred day moving average price of $73.48. The firm has a market cap of $8.46 billion, a P/E ratio of 30.96, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $588.00 million during 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 company’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. On average, research analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

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

Insider Transactions at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,192 shares of the firm’s stock in a transaction on 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert V. Vitale sold 46,766 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $74.72, for a total value of $3,494,355.52. Following the sale, the director now directly owns 848,180 shares of the company’s stock, valued at approximately $63,376,009.60. This represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,207 shares of company stock valued at $8,253,616 in the last three months. 1.07% of the stock is currently owned by corporate insiders.

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.