Caxton Associates LP Purchases Shares of 23,698 BellRing Brands, Inc. (NYSE:BRBR)

Caxton Associates LP acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,698 shares of the company's stock, valued at approximately $1,785,000.

A number of other large investors also recently bought and sold shares of BRBR. AQR Capital Management LLC increased its holdings in BellRing Brands by 284.2% during the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock worth $171,663,000 after purchasing an additional 1,685,525 shares during the period. Norges Bank acquired a new stake in BellRing Brands in the fourth quarter valued at about $114,185,000. Invesco Ltd. boosted its stake in shares of BellRing Brands by 35.7% in the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock valued at $321,429,000 after buying an additional 1,121,691 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of BellRing Brands by 32.6% in the 4th quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after purchasing an additional 898,885 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of BellRing Brands by 73.5% during the 4th quarter. Bank of America Corp DE now owns 1,709,652 shares of the company's stock worth $128,805,000 after acquiring an additional 724,337 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group dropped their price objective on BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday. Evercore ISI cut their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday. Mizuho increased their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Citigroup cut their target price on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Stephens reiterated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $77.00.

Insider Transactions at BellRing Brands

In related news, Director Robert V. Vitale sold 44,249 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total value of $3,423,545.13. Following the completion of the sale, the director now owns 938,457 shares of the company's stock, valued at approximately $72,608,418.09. The trade was a 4.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the sale, the insider now directly owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,828 shares of company stock valued at $16,917,365 over the last ninety days. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Trading Down 1.1 %

BRBR traded down $0.66 during trading on Friday, reaching $61.18. 1,993,837 shares of the company were exchanged, compared to its average volume of 1,273,192. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market cap of $7.85 billion, a P/E ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86. The firm has a 50 day moving average of $72.00 and a 200 day moving average of $73.52.

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

BellRing Brands announced that its board has initiated a stock buyback program on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

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.