Nebula Research & Development LLC Sells 13,778 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Nebula Research & Development LLC cut its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,477 shares of the company's stock after selling 13,778 shares during the quarter. Nebula Research & Development LLC's holdings in BellRing Brands were worth $1,995,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake 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 acquiring an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the fourth quarter worth approximately $52,000. Aster Capital Management DIFC Ltd boosted its stake in BellRing Brands by 747.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock valued at $55,000 after purchasing an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $69,000 after purchasing an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after purchasing an additional 153 shares during the period. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

BRBR traded up $0.54 on Thursday, reaching $77.68. 496,344 shares of the company traded hands, compared to its average volume of 1,212,010. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.24 and a beta of 0.78. The stock's 50 day moving average price is $72.38 and its 200-day moving average price is $73.28.

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

BellRing Brands declared that its Board of Directors has approved a share buyback plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the business's 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert V. Vitale sold 44,249 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the transaction, the director now owns 938,457 shares in the company, valued at $72,608,418.09. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,828 shares of company stock worth $16,917,365. Insiders own 1.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BRBR. TD Cowen raised their target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. UBS Group initiated coverage on shares of BellRing Brands in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $81.00 price objective on the stock. Barclays increased their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Mizuho raised their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and an average price target of $79.25.

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.