Daiwa Securities Group Inc. Purchases 1,900 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Daiwa Securities Group Inc. boosted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 23.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Daiwa Securities Group Inc.’s holdings in BellRing Brands were worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC raised its holdings in BellRing Brands by 0.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after purchasing an additional 142 shares during the last quarter. Fifth Third Bancorp boosted its position in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its position in BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock worth $472,000 after acquiring an additional 185 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in BellRing Brands by 5.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock worth $264,000 after acquiring an additional 188 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in BellRing Brands by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company’s stock worth $305,000 after acquiring an additional 211 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BRBR shares. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Mizuho upped 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. Stephens reiterated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI upped their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.79.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 218,636 shares of company stock worth $16,677,550 in the last 90 days. Company insiders own 1.07% of the company’s stock.

BellRing Brands Price Performance

BRBR stock opened at $67.44 on Friday. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.24 and a beta of 0.85. The business’s fifty day moving average price is $73.70 and its two-hundred day moving average price is $70.02. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share 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%. Research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its board has initiated a stock repurchase program on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board 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.