Two Sigma Securities LLC Invests $403,000 in BellRing Brands, Inc. (NYSE:BRBR)

Two Sigma Securities LLC acquired a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,347 shares of the company's stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BRBR. Pallas Capital Advisors LLC grew its holdings in shares of BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock worth $1,264,000 after purchasing an additional 10,117 shares in the last quarter. Encompass More Asset Management acquired a new stake in BellRing Brands during the fourth quarter worth $549,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in BellRing Brands by 4.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 82,598 shares of the company's stock valued at $6,223,000 after buying an additional 3,865 shares during the period. Truist Financial Corp raised its stake in shares of BellRing Brands by 11.8% in the 4th quarter. Truist Financial Corp now owns 672,139 shares of the company's stock valued at $50,639,000 after buying an additional 70,878 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of BellRing Brands during the 4th quarter worth about $10,673,000. Institutional investors own 94.97% of the company's stock.

Insider Buying and Selling

In related news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert V. Vitale sold 15,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the completion of the sale, the director now directly owns 818,180 shares of the company's stock, valued at $59,776,230.80. The trade was a 1.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock valued at $16,917,365 over the last three months. Company insiders own 1.07% of the company's stock.

BellRing Brands Stock Performance

NYSE:BRBR traded up $1.88 on Friday, hitting $78.85. 1,570,247 shares of the stock were exchanged, compared to its average volume of 1,218,147. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The company's 50-day moving average price is $72.59 and its 200 day moving average price is $73.52.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities research analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands announced that its board has approved a share buyback program on Thursday, March 6th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BRBR. Mizuho increased their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Citigroup raised their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley began coverage on BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target on the stock. TD Cowen lifted their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.25.

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.