Oberweis Asset Management Inc. Acquires 47,100 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Oberweis Asset Management Inc. grew its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,100 shares of the company's stock after purchasing an additional 47,100 shares during the quarter. Oberweis Asset Management Inc. owned approximately 0.20% of BellRing Brands worth $19,069,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Hancock Whitney Corp grew its position in BellRing Brands by 9.6% during the fourth quarter. Hancock Whitney Corp now owns 10,889 shares of the company's stock worth $820,000 after buying an additional 957 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of BellRing Brands during the 4th quarter worth approximately $208,000. Pinebridge Investments L.P. increased its stake in shares of BellRing Brands by 195.7% in the 4th quarter. Pinebridge Investments L.P. now owns 67,084 shares of the company's stock valued at $5,054,000 after purchasing an additional 44,396 shares during the last quarter. Hsbc Holdings PLC grew its position in BellRing Brands by 155.7% in the fourth quarter. Hsbc Holdings PLC now owns 13,594 shares of the company's stock valued at $1,031,000 after acquiring an additional 8,278 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in BellRing Brands during the fourth quarter worth about $218,000. Institutional investors and hedge funds own 94.97% of the company's stock.

Insider Buying and Selling at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction that occurred 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 transaction, the insider now owns 57,836 shares of the company's stock, valued at $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert V. Vitale sold 79,068 shares of the company's stock in a transaction on 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 completion of the sale, the director now owns 982,706 shares of the company's stock, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,828 shares of company stock valued at $16,917,365. Corporate insiders own 1.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BRBR. Morgan Stanley started coverage on shares of BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective for the company. TD Cowen raised their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Barclays lifted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Stephens reiterated an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, BellRing Brands currently has an average rating of "Moderate Buy" and a consensus price target of $79.25.

BellRing Brands Trading Up 1.2 %

BellRing Brands stock traded up $0.93 during midday trading on Tuesday, reaching $75.97. The stock had a trading volume of 341,678 shares, compared to its average volume of 1,294,148. The company has a fifty day moving average price of $72.24 and a two-hundred day moving average price of $73.23. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The company has a market capitalization of $9.75 billion, a P/E ratio of 35.64, a PEG ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, equities research analysts predict 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 initiated a share repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.