Wilmington Savings Fund Society FSB Decreases Position in BellRing Brands, Inc. (NYSE:BRBR)

Wilmington Savings Fund Society FSB decreased its position in BellRing Brands, Inc. (NYSE:BRBR) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,563 shares of the company’s stock after selling 1,009 shares during the period. Wilmington Savings Fund Society FSB’s holdings in BellRing Brands were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BRBR. V Square Quantitative Management LLC purchased a new position in shares of BellRing Brands during the 3rd quarter valued at $31,000. UMB Bank n.a. boosted its position in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands in the fourth quarter valued at approximately $52,000. Finally, Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the 3rd quarter valued at approximately $44,000. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BRBR shares. DA Davidson reissued a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stephens restated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Barclays upped their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.87.

BellRing Brands Trading Up 1.0 %

Shares of BellRing Brands stock opened at $76.24 on Wednesday. The business’s 50-day moving average price is $75.86 and its 200-day moving average price is $66.99. The firm has a market capitalization of $9.82 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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 net margin of 13.32% and a negative return on equity of 130.14%. As a group, analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, the director now owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.07% of the company’s stock.

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.