Champlain Investment Partners LLC Has $50.69 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Champlain Investment Partners LLC increased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,825 shares of the company's stock after purchasing an additional 167,235 shares during the period. Champlain Investment Partners LLC owned approximately 0.52% of BellRing Brands worth $50,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRBR. Pallas Capital Advisors LLC grew its stake in shares of BellRing Brands by 152.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock valued at $1,264,000 after purchasing an additional 10,117 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in BellRing Brands in the third quarter valued at approximately $439,000. Encompass More Asset Management acquired a new position in BellRing Brands during the 4th quarter worth approximately $549,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of BellRing Brands by 4.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 82,598 shares of the company's stock worth $6,223,000 after buying an additional 3,865 shares in the last quarter. Finally, Truist Financial Corp increased its stake 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 purchasing an additional 70,878 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Insider Buying and Selling

In other news, Director Robert V. Vitale sold 79,068 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $77.04, for a total value of $6,091,398.72. Following the sale, the director now directly owns 982,706 shares of the company's stock, valued at $75,707,670.24. This represents a 7.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction that occurred on 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 owns 57,836 shares of the company's stock, 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. Insiders have sold 221,828 shares of company stock valued at $16,917,365 in the last ninety days. 1.07% of the stock is owned by company insiders.

BellRing Brands Trading Down 2.1 %

BRBR traded down $1.57 during midday trading on Wednesday, reaching $73.78. The company's stock had a trading volume of 454,427 shares, compared to its average volume of 1,205,771. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock's 50-day moving average is $72.43 and its 200-day moving average is $72.81.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities research analysts forecast 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 authorized a share 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 reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently commented on BRBR shares. TD Cowen increased 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. Citigroup boosted their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. UBS Group initiated coverage on BellRing Brands in a research report on Wednesday. They issued a "neutral" rating and a $81.00 price target on the stock. Stephens reiterated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, Mizuho boosted their price target on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $79.25.

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.