Gamco Investors INC. ET AL Sells 4,308 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Gamco Investors INC. ET AL reduced its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,292 shares of the company's stock after selling 4,308 shares during the period. Gamco Investors INC. ET AL owned approximately 0.21% of BellRing Brands worth $20,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of BellRing Brands by 69.4% in 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands in the fourth quarter worth about $52,000. Aster Capital Management DIFC Ltd lifted 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 buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 period. Finally, Fifth Third Bancorp increased its holdings in BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

BellRing Brands Stock Performance

BRBR stock traded down $1.46 during trading on Monday, hitting $73.66. 92,864 shares of the company's stock traded hands, compared to its average volume of 1,205,180. The business has a fifty day simple moving average of $72.55 and a 200 day simple moving average of $72.72. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 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%. Research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a stock buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at BellRing Brands

In related news, Director Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction dated 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 completion of the transaction, the director now directly owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. The trade was a 1.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,828 shares of company stock worth $16,917,365. 1.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stephens reiterated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. TD Cowen lifted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Barclays increased their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Morgan Stanley began coverage on BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective on the stock. Finally, Mizuho upped their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, BellRing Brands 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.