Boston Partners Cuts Position in BellRing Brands, Inc. (NYSE:BRBR)

Boston Partners lowered its position in BellRing Brands, Inc. (NYSE:BRBR) by 76.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,880 shares of the company’s stock after selling 310,693 shares during the quarter. Boston Partners owned approximately 0.07% of BellRing Brands worth $7,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of BellRing Brands by 35.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after purchasing an additional 333,287 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after buying an additional 10,117 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of BellRing Brands during the 3rd quarter worth about $672,000. State Street Corp increased its holdings in shares of BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after acquiring an additional 50,339 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BellRing Brands during the 3rd quarter worth about $439,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BRBR. Mizuho raised their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Barclays upped their price objective 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. TD Cowen lifted 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. Stephens reissued an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, Citigroup lifted their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock 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 44,249 shares of the business’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 sale, the director now directly owns 938,457 shares in the company, valued at approximately $72,608,418.09. The trade was a 4.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company’s stock.

BellRing Brands Price Performance

NYSE:BRBR opened at $70.66 on Friday. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. The firm’s fifty day moving average price is $73.45 and its 200 day moving average price is $70.41. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has approved a stock buyback plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.