Jackson Creek Investment Advisors LLC Sells 733 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Jackson Creek Investment Advisors LLC reduced its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 23,736 shares of the company’s stock after selling 733 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in BellRing Brands were worth $1,788,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC raised its position in BellRing Brands by 5.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock valued at $264,000 after purchasing an additional 188 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BellRing Brands in the fourth quarter valued at $18,356,000. Aigen Investment Management LP raised its holdings in shares of BellRing Brands by 5.9% in the fourth quarter. Aigen Investment Management LP now owns 13,943 shares of the company’s stock valued at $1,050,000 after buying an additional 772 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in BellRing Brands during the 4th quarter worth about $4,660,000. Finally, Atria Investments Inc lifted its position in BellRing Brands by 21.6% during the 4th quarter. Atria Investments Inc now owns 12,439 shares of the company’s stock worth $937,000 after buying an additional 2,212 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Performance

Shares of BRBR opened at $68.24 on Friday. The firm has a market capitalization of $8.75 billion, a PE ratio of 32.04, a P/E/G ratio of 2.24 and a beta of 0.85. The stock has a 50 day simple moving average of $74.67 and a 200 day simple moving average of $69.44. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS 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%. Equities research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has authorized 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 buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. TD Cowen boosted 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. Jefferies Financial Group raised their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup upped their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.87.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 28,453 shares of the firm’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 completion of the transaction, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. This trade represents 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 accessible through this hyperlink. Over the last three months, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is owned by corporate insiders.

BellRing Brands Company 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.