Nomura Holdings Inc. Buys New Shares in BellRing Brands, Inc. (NYSE:BRBR)

Nomura Holdings Inc. bought a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,149 shares of the company's stock, valued at approximately $1,292,000.

Other institutional investors have also modified their holdings of the company. Numerai GP LLC bought a new stake in BellRing Brands in the fourth quarter valued at about $2,488,000. Lazard Asset Management LLC grew its position in shares of BellRing Brands by 361.5% in the 4th quarter. Lazard Asset Management LLC now owns 6,673 shares of the company's stock worth $502,000 after acquiring an additional 5,227 shares in the last quarter. LMR Partners LLP bought a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $17,328,000. J. Goldman & Co LP bought a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $3,285,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of BellRing Brands during the 4th quarter valued at approximately $231,000. Institutional investors and hedge funds own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BRBR shares. Citigroup decreased their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Truist Financial reduced their price target on shares of BellRing Brands from $75.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Evercore ISI lowered 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 report on Wednesday, May 7th. Stephens reiterated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, Mizuho raised their target price 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. Four research 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 an average target price of $77.63.

Insider Activity at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now owns 57,836 shares of the company's stock, valued at $4,345,218.68. The trade was a 5.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the transaction, the director now directly owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.07% of the company's stock.

BellRing Brands Stock Performance

Shares of BRBR traded up $0.79 during mid-day trading on Friday, reaching $61.42. 438,617 shares of the company's stock traded hands, compared to its average volume of 1,312,709. The business's 50-day moving average price is $71.27 and its 200-day moving average price is $73.35. The stock has a market capitalization of $7.80 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. 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 earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting the consensus estimate 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 quarter in the previous year, the business earned $0.45 EPS. The firm's revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has initiated a share repurchase program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

BellRing Brands Company 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.