BellRing Brands, Inc. (NYSE:BRBR) Stake Reduced by Qsemble Capital Management LP

Qsemble Capital Management LP lowered its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 88.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,303 shares of the company's stock after selling 47,597 shares during the period. Qsemble Capital Management LP's holdings in BellRing Brands were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of BellRing Brands by 50.9% in the 3rd quarter. Invesco Ltd. now owns 2,687,684 shares of the company's stock valued at $110,813,000 after acquiring an additional 906,559 shares during the period. Lord Abbett & CO. LLC lifted its stake in BellRing Brands by 273.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,074,396 shares of the company's stock worth $44,298,000 after purchasing an additional 786,756 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of BellRing Brands during the third quarter worth $23,552,000. Boston Partners acquired a new stake in shares of BellRing Brands in the third quarter valued at $19,316,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of BellRing Brands by 355.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 216,455 shares of the company's stock valued at $8,924,000 after buying an additional 168,892 shares during the period. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

Shares of BRBR traded down $0.21 during mid-day trading on Monday, reaching $59.62. The company's stock had a trading volume of 917,819 shares, compared to its average volume of 1,229,163. BellRing Brands, Inc. has a 12-month low of $34.58 and a 12-month high of $62.76. The stock has a market cap of $7.81 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 1.97 and a beta of 0.85. The company's 50 day moving average is $57.93 and its 200 day moving average is $54.73.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The company had revenue of $494.60 million for the quarter, compared to analysts' expectations of $467.22 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm's revenue for the quarter was up 28.3% on a year-over-year basis. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

BRBR has been the subject of a number of research analyst reports. Barclays raised their target price on BellRing Brands from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday. Stephens restated an "equal weight" rating and issued a $53.00 price objective on shares of BellRing Brands in a report on Tuesday, May 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $62.00 target price on shares of BellRing Brands in a research note on Tuesday, May 7th. Mizuho raised their price target on shares of BellRing Brands from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Finally, TD Cowen upped their price objective on BellRing Brands from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.83.

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.