Poinciana Advisors Group LLC Acquires New Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Poinciana Advisors Group LLC acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,607 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings 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 valued at $41,000 after buying an additional 474 shares during the period. Assetmark Inc. boosted its holdings in shares of BellRing Brands by 53.9% in the third quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock valued at $118,000 after buying an additional 682 shares during the period. Atria Investments Inc boosted its holdings in shares of BellRing Brands by 10.0% in the third quarter. Atria Investments Inc now owns 10,227 shares of the company’s stock valued at $621,000 after buying an additional 927 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of BellRing Brands by 5.2% in the third quarter. Crossmark Global Holdings Inc. now owns 8,746 shares of the company’s stock valued at $531,000 after buying an additional 429 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of BellRing Brands by 20.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,683 shares of the company’s stock valued at $284,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction on 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 directly owns 1,110,004 shares in the company, valued at $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on BRBR. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Truist Financial upped their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus upped their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Evercore ISI boosted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Mizuho boosted their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $78.79.

BellRing Brands Trading Up 1.8 %

NYSE BRBR opened at $67.44 on Friday. The firm’s fifty day moving average price is $73.70 and its two-hundred day moving average price is $69.92. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The firm has a market capitalization of $8.65 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85.

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

BellRing Brands declared that its board has approved a stock buyback plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.