12,021 Shares in BellRing Brands Inc. (NYSE:BRBR) Acquired by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC acquired a new stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,021 shares of the company's stock, valued at approximately $895,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dorsey Wright & Associates increased its holdings in BellRing Brands by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company's stock valued at $3,799,000 after acquiring an additional 163 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in BellRing Brands by 5.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company's stock valued at $264,000 after acquiring an additional 188 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in BellRing Brands by 6.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company's stock valued at $291,000 after acquiring an additional 237 shares during the last quarter. GAMMA Investing LLC increased its holdings in BellRing Brands by 12.2% in the 1st quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock valued at $172,000 after acquiring an additional 252 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Insider Activity at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $62.91, for a total transaction of $100,656.00. Following the transaction, the chief executive officer now directly owns 208,378 shares of the company's stock, valued at $13,109,059.98. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction 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 transaction, the insider now owns 57,836 shares in the company, 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. Insiders sold 7,992 shares of company stock worth $532,903 in the last 90 days. 1.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective for the company. Citigroup dropped their price objective 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, May 7th. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research note on Tuesday, May 27th. Evercore ISI dropped their price objective on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, UBS Group dropped their price objective on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $77.00.

BellRing Brands Price Performance

Shares of BRBR traded up $1.26 during mid-day trading on Friday, reaching $58.52. 5,064,201 shares of the company's stock traded hands, compared to its average volume of 1,372,120. The stock has a market cap of $7.43 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.85 and a beta of 0.74. The stock's 50-day moving average is $64.83 and its two-hundred day moving average is $70.81. 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 released its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The firm had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 18.9% on a year-over-year basis. Research analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has initiated a share buyback plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is 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.