Gamco Investors INC. ET AL Buys 5,875 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Gamco Investors INC. ET AL grew its stake in BellRing Brands, Inc. (NYSE:BRBR) by 2.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,576 shares of the company’s stock after purchasing an additional 5,875 shares during the quarter. Gamco Investors INC. ET AL’s holdings in BellRing Brands were worth $17,153,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BRBR. Vanguard Group Inc. increased its stake in shares of BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after acquiring an additional 698,121 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of 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 acquiring an additional 1,379,138 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BellRing Brands by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,794,535 shares of the company’s stock worth $154,903,000 after acquiring an additional 9,170 shares in the last quarter. Norges Bank bought a new position in shares of BellRing Brands in the 4th quarter worth about $91,936,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of BellRing Brands by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,171,230 shares of the company’s stock worth $64,921,000 after acquiring an additional 33,613 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total value of $902,250.00. Following the transaction, the chairman now owns 215,054 shares of the company’s stock, valued at $12,935,498.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BRBR has been the subject of several research reports. Mizuho increased their price target on shares of BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Stifel Nicolaus increased their price objective on shares of BellRing Brands from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stephens reissued an “equal weight” rating and set a $53.00 price objective on shares of BellRing Brands in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Evercore ISI increased their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.29.

BellRing Brands Price Performance

Shares of BRBR traded up $0.88 on Friday, reaching $49.87. The company’s stock had a trading volume of 1,237,754 shares, compared to its average volume of 2,296,267. The stock has a market capitalization of $6.50 billion, a P/E 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 two-hundred day simple moving average is $56.84. BellRing Brands, Inc. has a 12-month low of $35.03 and a 12-month high of $62.76.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The company 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%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Analysts expect that BellRing Brands, Inc. will post 1.8 earnings per share for the current year.

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.