Ground Swell Capital LLC Takes Position in BellRing Brands, Inc. (NYSE:BRBR)

Ground Swell Capital LLC acquired a new position in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,061 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also bought and sold shares of BRBR. SeaBridge Investment Advisors LLC boosted its holdings in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after acquiring an additional 142 shares during the period. Fifth Third Bancorp boosted its stake in BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the period. Dorsey Wright & Associates grew its holdings in BellRing Brands by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock valued at $3,799,000 after buying an additional 163 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of BellRing Brands by 3.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after buying an additional 185 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of BellRing Brands by 5.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock valued at $264,000 after buying an additional 188 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the transaction, the insider now directly owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,828 shares of company stock worth $16,917,365. 1.07% of the stock is currently owned by insiders.

BellRing Brands Stock Down 1.1 %

BellRing Brands stock opened at $61.18 on Friday. The firm has a fifty day simple moving average of $72.00 and a two-hundred day simple moving average of $73.46. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company has a market capitalization of $7.85 billion, a PE ratio of 28.72, a P/E/G ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $577.56 million. During the same quarter in the previous year, the company posted $0.45 EPS. BellRing Brands’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its board has approved a share repurchase plan on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on BRBR shares. Stephens reaffirmed an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Evercore ISI reduced their price target on shares of BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday. Mizuho increased their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley started coverage on BellRing Brands in a research note on Monday, March 24th. They set an “overweight” rating and a $84.00 price objective for the company. Finally, Citigroup lowered their price target on BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

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.