Captrust Financial Advisors Has $17.84 Million Position in BellRing Brands, Inc. (NYSE:BRBR)

Captrust Financial Advisors lifted its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 35.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,837 shares of the company's stock after acquiring an additional 61,634 shares during the quarter. Captrust Financial Advisors owned approximately 0.18% of BellRing Brands worth $17,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings 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 position in shares of BellRing Brands during the 4th quarter worth $52,000. Aster Capital Management DIFC Ltd raised its holdings 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 purchasing an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock valued at $69,000 after purchasing an additional 591 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in 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 purchasing an additional 153 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the business's 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 transaction, the insider now directly owns 57,836 shares in the company, valued at $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert V. Vitale sold 5,100 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the sale, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock worth $16,917,365 over the last quarter. Company insiders own 1.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BRBR. UBS Group initiated coverage on BellRing Brands in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $81.00 price target for the company. Morgan Stanley started coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 target price for the company. Citigroup increased their price target on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. TD Cowen boosted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, Barclays upped their price objective 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. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.25.

BellRing Brands Trading Down 18.8 %

BRBR opened at $63.68 on Wednesday. The stock has a market cap of $8.17 billion, a PE ratio of 29.89, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock's 50 day simple moving average is $72.60 and its 200-day simple moving average is $73.59.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The company had revenue of $588.00 million during the quarter, compared to analysts' expectations of $577.56 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business's revenue was up 18.9% on a year-over-year basis. Equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its board has approved a share repurchase program 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 programs are usually an indication that the company's board believes its shares are 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.

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