Janus Henderson Group PLC Has $114.11 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Janus Henderson Group PLC lowered its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,514,623 shares of the company's stock after selling 260,936 shares during the period. Janus Henderson Group PLC owned about 1.18% of BellRing Brands worth $114,111,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after purchasing an additional 234 shares during the period. Colonial Trust Co SC bought a new stake in BellRing Brands during the 4th quarter valued at about $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the 4th quarter valued at about $52,000. Aster Capital Management DIFC Ltd grew its position in BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock valued at $55,000 after buying an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after acquiring an additional 591 shares during the period. Institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

Shares of BRBR stock traded up $1.68 during trading hours on Friday, reaching $65.95. 1,923,934 shares of the company's stock were exchanged, compared to its average volume of 1,295,911. The company has a market cap of $8.46 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The company's 50 day moving average is $71.63 and its two-hundred day moving average is $73.44.

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, hitting the consensus estimate of $0.53. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The firm had revenue of $588.00 million during the quarter, compared to analysts' expectations of $577.56 million. During the same period in the previous year, the company earned $0.45 EPS. BellRing Brands's revenue for the quarter was up 18.9% on a year-over-year basis. As a group, analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has initiated a stock buyback program 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 programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. This trade represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the 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 completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,207 shares of company stock valued at $8,253,616 over the last three months. 1.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

BRBR has been the subject of several analyst reports. Barclays set a $75.00 price objective on BellRing Brands and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 target price on the stock. Evercore ISI dropped their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Citigroup cut their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Mizuho increased their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.00.

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.