Quarry LP Has $168,000 Stake in BellRing Brands, Inc. (NYSE:BRBR)

Quarry LP lifted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 267.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,236 shares of the company’s stock after purchasing an additional 1,627 shares during the quarter. Quarry LP’s holdings in BellRing Brands were worth $168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BRBR. UMB Bank n.a. raised its position in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands during the fourth quarter worth approximately $52,000. Aster Capital Management DIFC Ltd raised its position in BellRing Brands by 747.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock valued at $55,000 after buying an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on BRBR shares. Barclays increased their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Mizuho boosted their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Citigroup boosted their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. UBS Group began coverage on shares of BellRing Brands in a report on Wednesday, April 23rd. They set a “neutral” rating and a $81.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of BellRing Brands in a report on Monday, March 24th. They set an “overweight” rating and a $84.00 price target on the stock. Four investment 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, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $79.25.

Insider Buying and Selling

In other news, Director Robert V. Vitale sold 28,453 shares of the 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 owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now directly owns 57,836 shares in the company, valued at $4,345,218.68. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,828 shares of company stock valued at $16,917,365. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Down 0.1 %

NYSE BRBR opened at $75.08 on Tuesday. The company’s 50 day moving average is $72.24 and its 200-day moving average is $73.23. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The firm has a market cap of $9.63 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has approved a share buyback program on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.