Mix all of the above ingredients in a stand mixer until fully combined.
Knead the dough together to create small 1 inch balls.
Place peanut butter balls onto a baking sheet lined with parchment paper and let chill in the fridge for 30 minutes to one hour.
Melt chocolate candy coating in the microwave per bag's instructions.
Dip each peanut butter ball into chocolate and let harden on parchment paper.
If desired, top with some sprinkles on the peanut butter ball before it hardens completely.
Store in the fridge for a couple of weeks or freeze them up to 2 months!