BellRing Brands, Inc. (NYSE:BRBR) Stock Position Raised by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 68.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,993 shares of the company's stock after purchasing an additional 21,930 shares during the quarter. Quantbot Technologies LP's holdings in BellRing Brands were worth $4,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC raised its position in shares of BellRing Brands by 0.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company's stock worth $1,337,000 after buying an additional 142 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after acquiring an additional 153 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings in BellRing Brands by 3.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company's stock worth $472,000 after purchasing an additional 185 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in BellRing Brands by 5.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company's stock worth $264,000 after purchasing an additional 188 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in BellRing Brands by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company's stock valued at $305,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

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BellRing Brands Price Performance

NYSE BRBR traded up $1.84 on Wednesday, hitting $70.25. 1,284,485 shares of the stock were exchanged, compared to its average volume of 1,128,253. The company's 50-day moving average price is $73.54 and its two-hundred day moving average price is $70.30. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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%. Equities analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, Director Robert V. Vitale sold 15,000 shares of the business'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 transaction, the director now directly owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 218,636 shares of company stock worth $16,677,550 in the last 90 days. Company insiders own 1.07% of the company's stock.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of research reports. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Stephens restated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, DA Davidson reissued a "neutral" rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.79.

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.