BellRing Brands, Inc. (NYSE:BRBR) Holdings Lifted by Gabelli Funds LLC

Gabelli Funds LLC increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,856 shares of the company’s stock after acquiring an additional 26,550 shares during the period. Gabelli Funds LLC owned approximately 0.36% of BellRing Brands worth $28,149,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of BellRing Brands by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after acquiring an additional 698,121 shares during the last quarter. Franklin Resources Inc. increased its stake in BellRing Brands by 60.3% in the 4th quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock worth $203,239,000 after purchasing an additional 1,379,138 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BellRing Brands by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,794,535 shares of the company’s stock worth $154,903,000 after buying an additional 9,170 shares during the period. Norges Bank purchased a new stake in BellRing Brands during the fourth quarter valued at about $91,936,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of BellRing Brands by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,171,230 shares of the company’s stock worth $64,921,000 after buying an additional 33,613 shares during the period. 94.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the transaction, the chairman now directly owns 215,054 shares of the company’s stock, valued at $12,935,498.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho increased their target price on BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Barclays raised their price objective on BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 target price on shares of BellRing Brands in a research note on Tuesday, May 7th. Evercore ISI increased their price target on shares of BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, TD Cowen boosted their price objective on shares of BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.29.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded up $0.88 during midday trading on Friday, hitting $49.87. The company’s stock had a trading volume of 1,237,754 shares, compared to its average volume of 2,296,267. BellRing Brands, Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $62.76. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 1.38 and a beta of 0.84. The stock’s 50 day simple moving average is $56.23 and its 200 day simple moving average is $56.84.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. BellRing Brands’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. As a group, analysts anticipate that BellRing Brands, Inc. will post 1.8 EPS for the current year.

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.