BellRing Brands, Inc. (NYSE:BRBR) Holdings Lifted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,854 shares of the company's stock after buying an additional 7,460 shares during the period. Cubist Systematic Strategies LLC owned about 0.26% of BellRing Brands worth $25,379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in 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 acquiring an additional 234 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $52,000. Aster Capital Management DIFC Ltd raised its holdings in shares of BellRing Brands by 747.7% during 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 period. EverSource Wealth Advisors LLC boosted its holdings in BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after acquiring an additional 591 shares during the period. Finally, Fifth Third Bancorp grew its position in BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

BRBR has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a report on Thursday. Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday. Stephens reaffirmed an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Morgan Stanley began coverage on shares of BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 target price for the company. Finally, Mizuho boosted their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

BellRing Brands Trading Down 1.1 %

BellRing Brands stock traded down $0.66 during midday trading on Friday, reaching $61.18. 1,993,837 shares of the stock traded hands, compared to its average volume of 1,273,192. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86. The firm has a fifty day moving average price of $72.00 and a two-hundred day moving average price of $73.52.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The business had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business's revenue was up 18.9% on a year-over-year basis. Analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has approved a share repurchase plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the sale, the director now directly owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the sale, the insider now owns 57,836 shares of the company's stock, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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 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.