Entropy Technologies LP Has $2.30 Million Position in BellRing Brands, Inc. (NYSE:BRBR)

Entropy Technologies LP raised its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,575 shares of the company's stock after buying an additional 6,798 shares during the quarter. Entropy Technologies LP's holdings in BellRing Brands were worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Holocene Advisors LP acquired a new stake in shares of BellRing Brands during the third quarter worth about $69,998,000. Assenagon Asset Management S.A. raised its position in shares of BellRing Brands by 200.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company's stock worth $74,781,000 after purchasing an additional 661,774 shares during the period. E. Ohman J or Asset Management AB acquired a new stake in shares of BellRing Brands during the third quarter worth about $30,753,000. Champlain Investment Partners LLC acquired a new stake in shares of BellRing Brands during the third quarter worth about $30,699,000. Finally, Wasatch Advisors LP raised its position in shares of BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after purchasing an additional 494,669 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BRBR shares. Mizuho raised their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Citigroup increased their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Barclays increased their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.87.

BellRing Brands Price Performance

BRBR stock traded up $0.57 during mid-day trading on Thursday, reaching $77.52. The company had a trading volume of 611,067 shares, compared to its average volume of 1,154,106. 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 $9.98 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 2.34 and a beta of 0.86. The stock has a 50 day simple moving average of $75.84 and a two-hundred day simple moving average of $67.24.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) 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%. On average, equities analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Insider Activity

In related news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.07% of the company's stock.

About BellRing Brands

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.