BellRing Brands, Inc. (NYSE:BRBR) Holdings Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 32.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,321,022 shares of the company's stock after purchasing an additional 564,342 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.80% of BellRing Brands worth $174,866,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after purchasing an additional 234 shares during the last quarter. Colonial Trust Co SC acquired a new stake in BellRing Brands in the fourth quarter valued at $44,000. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the 4th quarter valued at $52,000. Aster Capital Management DIFC Ltd boosted its stake in 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 acquiring an additional 643 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after acquiring an additional 591 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert V. Vitale sold 15,000 shares of BellRing Brands 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 trade represents a 1.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now directly owns 57,836 shares of the company's stock, valued at $4,345,218.68. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,828 shares of company stock worth $16,917,365. 1.07% of the stock is owned by corporate insiders.

BellRing Brands Trading Down 1.1 %

BRBR traded down $0.66 during trading hours on Friday, hitting $61.18. The company's stock had a trading volume of 1,993,837 shares, compared to its average volume of 1,273,192. The company has a 50-day simple moving average of $72.00 and a 200 day simple moving average of $73.52. The firm has a market capitalization of $7.85 billion, a PE ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. The business had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The company's revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Research 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 stock buyback plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRBR. Stephens reaffirmed an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Evercore ISI decreased their target price on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday. Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target for the company. Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands has an average rating of "Moderate Buy" and a consensus target price of $77.00.

About BellRing Brands

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.