BellRing Brands, Inc. (NYSE:BRBR) Holdings Lifted by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 781,562 shares of the company's stock after purchasing an additional 31,981 shares during the quarter. Voloridge Investment Management LLC owned about 0.61% of BellRing Brands worth $58,883,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Merit Financial Group LLC acquired a new position in shares of BellRing Brands during the 4th quarter valued at $706,000. UMB Bank n.a. lifted its holdings in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after acquiring an additional 234 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of BellRing Brands during the 4th quarter valued at $302,000. SG Americas Securities LLC lifted its holdings in shares of BellRing Brands by 3,112.0% during the 4th quarter. SG Americas Securities LLC now owns 266,533 shares of the company's stock valued at $20,081,000 after acquiring an additional 258,235 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of BellRing Brands during the 4th quarter valued at $1,064,000. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Stock Up 1.9%

Shares of BRBR traded up $1.16 during midday trading on Friday, hitting $61.79. The company had a trading volume of 1,619,090 shares, compared to its average volume of 1,318,642. The company's 50 day moving average price is $71.14 and its 200 day moving average price is $73.31. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $588.00 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.45 EPS. Equities analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Insider Activity at BellRing Brands

In related 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 transaction 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 represents a 5.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert V. Vitale sold 15,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now directly owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRBR. UBS Group reduced their target price on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Evercore ISI reduced their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Mizuho boosted their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley started coverage on shares of BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective on the stock. Finally, Stephens reiterated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.63.

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.