Arrowstreet Capital Limited Partnership Sells 26,439 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Arrowstreet Capital Limited Partnership cut its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 522,019 shares of the company's stock after selling 26,439 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.41% of BellRing Brands worth $39,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BRBR. HighTower Advisors LLC increased its holdings in BellRing Brands by 4.3% in the third quarter. HighTower Advisors LLC now owns 50,357 shares of the company's stock worth $3,061,000 after purchasing an additional 2,085 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of BellRing Brands by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,775,559 shares of the company's stock worth $107,812,000 after buying an additional 6,951 shares during the period. Motley Fool Wealth Management LLC bought a new stake in shares of BellRing Brands in the 3rd quarter valued at $10,261,000. Point72 Asset Management L.P. lifted its position in shares of BellRing Brands by 21.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company's stock valued at $157,202,000 after acquiring an additional 457,796 shares during the period. Finally, Quadrature Capital Ltd boosted its stake in BellRing Brands by 44.5% during the third quarter. Quadrature Capital Ltd now owns 9,772 shares of the company's stock worth $594,000 after acquiring an additional 3,009 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

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Insiders Place Their Bets

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total value of $239,814.96. Following the transaction, the insider now directly owns 57,836 shares in the company, valued at $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now directly owns 1,110,004 shares of the company's stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,828 shares of company stock valued at $16,917,365. Insiders own 1.07% of the company's stock.

BellRing Brands Stock Up 0.5 %

BRBR stock traded up $0.32 during trading on Monday, reaching $70.18. The stock had a trading volume of 1,652,538 shares, compared to its average volume of 1,196,329. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The company's 50 day moving average is $73.26 and its two-hundred day moving average is $71.80.

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

BellRing Brands declared that its Board of Directors has approved a share repurchase plan on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

BRBR has been the subject of several research analyst reports. Barclays lifted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Stephens reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Morgan Stanley initiated coverage on BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target on the stock. Citigroup boosted their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.13.

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.