BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Sapience Investments LLC

Sapience Investments LLC reduced its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 24.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,702 shares of the company's stock after selling 6,897 shares during the period. Sapience Investments LLC's holdings in BellRing Brands were worth $1,635,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rafferty Asset Management LLC purchased a new position in BellRing Brands during the 4th quarter worth $222,000. Redwood Investment Management LLC acquired a new position in BellRing Brands in the 4th quarter valued at about $1,418,000. ProShare Advisors LLC raised its stake in BellRing Brands by 7.3% during the 4th quarter. ProShare Advisors LLC now owns 6,046 shares of the company's stock valued at $456,000 after acquiring an additional 412 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in BellRing Brands during the 4th quarter worth approximately $250,000. Finally, Nomura Holdings Inc. purchased a new position in shares of BellRing Brands in the 4th quarter valued at approximately $1,292,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BRBR shares. Stephens reaffirmed an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. UBS Group lowered their target price on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. DA Davidson set a $85.00 price objective on shares of BellRing Brands in a research report on Thursday, May 15th. Truist Financial lowered their price objective on BellRing Brands from $75.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Evercore ISI decreased their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus target price of $77.63.

Insider Activity at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the transaction, the insider now directly owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert V. Vitale sold 15,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the sale, the director now directly owns 818,180 shares in the company, valued at approximately $59,776,230.80. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.07% of the company's stock.

BellRing Brands Price Performance

NYSE:BRBR traded down $1.24 during trading hours on Thursday, reaching $60.90. 768,497 shares of the company traded hands, compared to its average volume of 1,309,389. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The stock has a market cap of $7.73 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.24 and a beta of 0.86. The firm's 50-day moving average is $71.45 and its 200-day moving average is $73.40.

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

BellRing Brands declared that its board has authorized a share buyback program on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is 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.