BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC raised its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 486,946 shares of the company's stock after buying an additional 56,450 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.38% of BellRing Brands worth $36,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of BellRing Brands by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock worth $1,012,419,000 after purchasing an additional 135,105 shares in the last quarter. Franklin Resources Inc. increased its position in BellRing Brands by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock worth $344,885,000 after buying an additional 96,991 shares in the last quarter. Invesco Ltd. raised its stake in shares of BellRing Brands by 35.7% in the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after buying an additional 1,121,691 shares during the period. Wellington Management Group LLP lifted its position in shares of BellRing Brands by 32.6% during the 4th quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after buying an additional 898,885 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of BellRing Brands by 12.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company's stock valued at $131,570,000 after acquiring an additional 198,093 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Up 0.8 %

NYSE BRBR traded up $0.60 on Thursday, hitting $77.74. 496,344 shares of the stock were exchanged, compared to its average volume of 1,212,038. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The company has a 50-day moving average price of $72.38 and a 200-day moving average price of $73.28. The company has a market cap of $9.97 billion, a PE ratio of 36.44, a PEG ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BRBR shares. Morgan Stanley assumed coverage on BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 target price for the company. Stephens restated an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Mizuho lifted their price target 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 began coverage on shares of BellRing Brands in a report on Wednesday, April 23rd. They set a "neutral" rating and a $81.00 price objective for the company. Finally, Barclays lifted their target price on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.25.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $239,814.96. Following the sale, the insider now directly owns 57,836 shares in the company, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 221,828 shares of company stock valued at $16,917,365. 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.