BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in BellRing Brands, Inc. (NYSE:BRBR) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,346 shares of the company’s stock after selling 53,874 shares during the period. Segall Bryant & Hamill LLC’s holdings in BellRing Brands were worth $8,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Holocene Advisors LP purchased a new stake in BellRing Brands in the 3rd quarter worth approximately $69,998,000. Assenagon Asset Management S.A. boosted its holdings in shares of BellRing Brands by 200.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock worth $74,781,000 after purchasing an additional 661,774 shares during the last quarter. Wasatch Advisors LP grew its position in shares of BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after purchasing an additional 494,669 shares during the period. Point72 Asset Management L.P. increased its stake in BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after purchasing an additional 457,796 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in BellRing Brands by 9.3% during the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after buying an additional 380,216 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent analyst reports. Barclays lifted their price target on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Stephens restated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen increased their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Citigroup lifted their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Mizuho upped their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.13.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $73.94 on Thursday. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.24 and a beta of 0.85. The business has a 50-day moving average of $73.53 and a 200-day moving average of $70.87.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results 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 negative return on equity of 130.14% and a net margin of 13.32%. Research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

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

Insider Activity

In related news, Director Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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 approximately $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is currently owned by company insiders.

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.