AlphaQuest LLC Sells 37,336 Shares of BellRing Brands, Inc. (NYSE:BRBR)

AlphaQuest LLC lowered its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 71.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,776 shares of the company's stock after selling 37,336 shares during the period. AlphaQuest LLC's holdings in BellRing Brands were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in BellRing Brands during the 3rd quarter worth $228,000. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after buying an additional 474 shares during the period. Assetmark Inc. raised its position in shares of BellRing Brands by 53.9% during the third quarter. Assetmark Inc. now owns 1,947 shares of the company's stock worth $118,000 after acquiring an additional 682 shares during the last quarter. Atria Investments Inc boosted its stake in shares of BellRing Brands by 10.0% in the 3rd quarter. Atria Investments Inc now owns 10,227 shares of the company's stock valued at $621,000 after purchasing an additional 927 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in BellRing Brands by 5.2% during the third quarter. Crossmark Global Holdings Inc. now owns 8,746 shares of the company's stock valued at $531,000 after acquiring an additional 429 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BRBR. TD Cowen boosted their price target on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Stephens reaffirmed an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Mizuho increased their price objective 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. Finally, Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.79.

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Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company's stock.

BellRing Brands Stock Down 2.8 %

Shares of BellRing Brands stock traded down $1.89 during trading on Thursday, hitting $66.21. 1,092,313 shares of the stock traded hands, compared to its average volume of 1,129,326. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The firm's fifty day moving average is $74.02 and its 200-day moving average is $69.87.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, 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 authorized a stock repurchase program on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board 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.