Boothbay Fund Management LLC Buys Shares of 5,482 BellRing Brands, Inc. (NYSE:BRBR)

Boothbay Fund Management LLC acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,482 shares of the company's stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRBR. UMB Bank n.a. grew 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 valued at $43,000 after buying an additional 234 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the 4th quarter valued at $52,000. Aster Capital Management DIFC Ltd boosted its holdings in BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after purchasing an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after buying an additional 591 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position 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 buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Wall Street Analyst Weigh In

BRBR has been the subject of several analyst reports. TD Cowen boosted their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Stephens reissued an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Barclays raised their price target on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Mizuho raised their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Morgan Stanley started coverage on BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $79.25.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the transaction, the director now owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. This represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 221,828 shares of company stock valued at $16,917,365. 1.07% of the stock is currently owned by insiders.

BellRing Brands Price Performance

Shares of BRBR stock traded down $14.14 during trading hours on Tuesday, reaching $64.29. 6,405,988 shares of the company were exchanged, compared to its average volume of 1,243,754. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The stock's fifty day moving average is $72.73 and its two-hundred day moving average is $73.66. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. The firm had revenue of $588.00 million for 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 business's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. On average, research analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

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

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.