Sapience Investments LLC Has $1.64 Million Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Sapience Investments LLC trimmed its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,702 shares of the company's stock after selling 6,897 shares during the quarter. Sapience Investments LLC's holdings in BellRing Brands were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. lifted its stake in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after buying an additional 234 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the 4th quarter worth about $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the 4th quarter worth about $52,000. Aster Capital Management DIFC Ltd increased its holdings in shares of BellRing Brands by 747.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after acquiring an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of 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. Institutional investors own 94.97% of the company's stock.

Insider Transactions at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the 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 transaction, the insider now 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 is accessible through this link. Also, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 818,180 shares in the company, valued at $59,776,230.80. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,958 shares of company stock valued at $4,830,070 over the last three months. 1.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BRBR shares. Citigroup dropped their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Evercore ISI dropped their price objective on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group decreased their target price on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson set a $85.00 target price on shares of BellRing Brands in a research report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands presently has an average rating of "Moderate Buy" and a consensus price target of $77.63.

BellRing Brands Stock Performance

Shares of NYSE BRBR traded down $1.35 during mid-day trading on Tuesday, reaching $65.32. The company had a trading volume of 2,189,086 shares, compared to its average volume of 1,305,976. The stock has a fifty day moving average of $71.57 and a two-hundred day moving average of $73.54. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

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

BellRing Brands declared that its board has approved a share repurchase program on Thursday, March 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.