1 week Ago By ABMN Staff
Mariner LLC boosted its stake in BellRing Brands, Inc. ( NYSE:BRBR – Free Report ) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 12,589 shares of the company’s stock after purchasing an additional 1,643 shares during the period. Mariner LLC’s holdings in BellRing Brands were worth $948,000 at the end of the most recent quarter. A number of other hedge funds have also recently added to or reduced their stakes in BRBR.
Barclays PLC grew its stake in shares of BellRing Brands by 23.0% in the fourth quarter. Barclays PLC now owns 159,170 shares of the company’s stock worth $11,992,000 after purchasing an additional 29,802 shares during the last quarter.
Sterling Capital Management LLC grew its stake in BellRing Brands by 8.3% in the fourth quarter. Sterling Capital Management LLC now owns 35,758 shares of the company’s stock valued at $2,694,000 after acquiring an additional 2,754 shares during the period.
Raymond James Financial Inc. bought a new stake in BellRing Brands during the 4th quarter valued at $18,356,000. Applied Finance Capital Management LLC bought a new position in BellRing Brands in the 4th quarter valued at about $229,000.
Finally, Renaissance Technologies LLC lifted its position in BellRing Brands by 12.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company’s stock valued at $131,570,000 after acquiring an additional 198,093 shares in the last quarter.
Institutional investors and hedge funds own 94.97% of the company’s stock. Wall Street Analysts Forecast Growth Several analysts have recently commented on the company.
Morgan Stanley started coverage on BellRing Brands in a research note on Monday, March 24th. They issued an “overweight” rating and a $84.00 price objective for the company.
Barclays raised their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th.
Stephens reiterated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Citigroup raised their price target on shares of BellRing Brands from $83.
00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Mizuho upped their price objective on shares of BellRing Brands from $80.
00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock.
According to MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25. BellRing Brands Stock Performance BRBR stock opened at $75.
17 on Monday. BellRing Brands, Inc. has a fifty-two week low of $48.
06 and a fifty-two week high of $80.67. The stock has a fifty day moving average of $72.
29 and a 200-day moving average of $73.15. The company has a market capitalization of $9.
64 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.24 and a beta of 0.
78. BellRing Brands ( NYSE:BRBR – Get Free Report ) last posted its earnings results on Monday, February 3rd. The company reported $0.
58 earnings per share 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%.
Equities analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.
BellRing Brands announced that its board has initiated a stock buyback plan on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 3.
4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued. Insiders Place Their Bets In other BellRing Brands news, Director Robert V.
Vitale sold 28,453 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 1,110,004 shares in the company, valued at $85,370,407.64.
This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
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 transaction, the insider now owns 57,836 shares of the company’s stock, valued at $4,345,218.
68. This trade represents a 5.23 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 221,828 shares of company stock worth $16,917,365 over the last 90 days. Corporate insiders own 1.
07% of the company’s stock. About BellRing Brands ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding BRBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BellRing Brands, Inc.
( NYSE:BRBR – Free Report ). Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter .
.
