BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in BellRing Brands, Inc. (NYSE:BRBR) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,770 shares of the company’s stock after selling 279 shares during the period. Securian Asset Management Inc.’s holdings in BellRing Brands were worth $736,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP increased its holdings 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. Franklin Resources Inc. grew its holdings 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 acquiring an additional 380,216 shares during the period. State Street Corp grew its holdings in BellRing Brands by 1.3% during the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after acquiring an additional 50,339 shares during the period. Wellington Management Group LLP grew its holdings in BellRing Brands by 11.4% during the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after acquiring an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in BellRing Brands by 21.5% during the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock worth $157,202,000 after acquiring an additional 457,796 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 79,068 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $77.04, for a total value of $6,091,398.72. Following the sale, the director now owns 982,706 shares of the company’s stock, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 218,636 shares of company stock valued at $16,677,550. Corporate insiders own 1.07% of the company’s stock.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $67.44 on Monday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a fifty day moving average of $73.70 and a two-hundred day moving average of $70.12. The firm has a market capitalization of $8.65 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) 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%. Equities research analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its board has approved a share buyback program on Thursday, March 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Mizuho boosted their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Truist Financial increased their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.79.

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.