5,482 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC bought a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 5,482 shares of the company's stock, valued at approximately $413,000.

A number of other large investors have also recently modified their holdings of BRBR. Pallas Capital Advisors LLC boosted its position in BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock valued at $1,264,000 after acquiring an additional 10,117 shares in the last quarter. Encompass More Asset Management purchased a new stake in BellRing Brands in the fourth quarter worth $549,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in BellRing Brands by 4.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 82,598 shares of the company's stock worth $6,223,000 after purchasing an additional 3,865 shares in the last quarter. Truist Financial Corp lifted its position in BellRing Brands by 11.8% during the fourth quarter. Truist Financial Corp now owns 672,139 shares of the company's stock valued at $50,639,000 after buying an additional 70,878 shares during the period. Finally, Ieq Capital LLC bought a new stake in shares of BellRing Brands during the 4th quarter valued at $10,673,000. Institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BRBR. Evercore ISI decreased their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday. Barclays lifted 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. Morgan Stanley initiated coverage on BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 target price on the stock. 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. Finally, TD Cowen upped their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, BellRing Brands currently has an average rating of "Moderate Buy" and an average target price of $78.88.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total value 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 represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,828 shares of company stock valued at $16,917,365. 1.07% of the stock is currently owned by insiders.

BellRing Brands Stock Down 0.8 %

Shares of NYSE BRBR traded down $0.51 during midday trading on Wednesday, hitting $63.04. The stock had a trading volume of 1,928,848 shares, compared to its average volume of 1,252,459. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The company has a market capitalization of $8.09 billion, a PE ratio of 29.63, a P/E/G ratio of 2.24 and a beta of 0.86. The stock has a 50 day simple moving average of $72.60 and a 200-day simple moving average of $73.59.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. The company 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 firm's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's management 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.