BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC reduced its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,763 shares of the company's stock after selling 16,026 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.24% of BellRing Brands worth $23,262,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after acquiring an additional 234 shares during the period. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $52,000. Aster Capital Management DIFC Ltd boosted its holdings in BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after buying an additional 643 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after buying an additional 591 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of BellRing Brands 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 owns 818,180 shares in the company, valued at $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 is available through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now directly owns 57,836 shares of the company's stock, 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. 1.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BRBR. UBS Group reduced their price target on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. DA Davidson set a $85.00 price objective on BellRing Brands in a research note on Thursday, May 15th. 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 on the stock. Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Stephens restated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.63.

BellRing Brands Trading Down 2.2%

Shares of NYSE BRBR traded down $1.38 during midday trading on Thursday, reaching $60.76. 529,149 shares of the stock were exchanged, compared to its average volume of 1,308,575. The stock has a 50 day moving average price of $71.45 and a 200-day moving average price of $73.40. The company has a market capitalization of $7.72 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The company had revenue of $588.00 million for the quarter, compared to analyst estimates of $577.56 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business's revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

About BellRing Brands

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.