Voloridge Investment Management LLC Raises Position in BellRing Brands, Inc. (NYSE:BRBR)

Voloridge Investment Management LLC boosted its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 781,562 shares of the company's stock after acquiring an additional 31,981 shares during the period. Voloridge Investment Management LLC owned 0.61% of BellRing Brands worth $58,883,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. grew 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 worth $43,000 after acquiring an additional 234 shares during the period. Colonial Trust Co SC bought a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands in the fourth quarter worth $52,000. Aster Capital Management DIFC Ltd grew its stake in BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after purchasing an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in BellRing Brands by 180.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after purchasing an additional 591 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRBR. Mizuho boosted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. UBS Group dropped their price objective on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Evercore ISI cut their price objective 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. Truist Financial lowered their target price on shares of BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Finally, DA Davidson set a $85.00 price target on BellRing Brands in a research report on Thursday, May 15th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands presently has an average rating of "Moderate Buy" and an average price target of $77.63.

BellRing Brands Trading Up 1.9%

BRBR traded up $1.16 during trading on Monday, hitting $61.79. 1,619,090 shares of the company's stock traded hands, compared to its average volume of 1,321,050. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.24 and a beta of 0.86. The company's 50 day simple moving average is $71.14 and its two-hundred day simple moving average is $73.38. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings results 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 negative return on equity of 130.14% and a net margin of 13.32%. The firm had revenue of $588.00 million for the quarter, compared to the consensus estimate of $577.56 million. During the same period in the prior year, the company posted $0.45 earnings per share. The company's quarterly revenue was up 18.9% on a year-over-year basis. On average, equities analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its Board of Directors has approved a stock buyback program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands 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 approximately $4,345,218.68. The trade was a 5.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.07% of the company's stock.

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.