Trexquant Investment LP Has $6.50 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Trexquant Investment LP lessened its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 52.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,334 shares of the company's stock after selling 96,193 shares during the quarter. Trexquant Investment LP owned 0.07% of BellRing Brands worth $6,504,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands during the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC boosted its holdings in shares of BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after purchasing an additional 591 shares during the last quarter. Fifth Third Bancorp grew its position in shares of BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after purchasing an additional 153 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of BellRing Brands by 160.5% in the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the company's stock valued at $79,000 after purchasing an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen lifted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Stephens reissued 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 raised their price target 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 assumed coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 target price for the company. Finally, Mizuho raised their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $79.13.

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Insiders Place Their Bets

In other 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 transaction of $239,814.96. Following 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert V. Vitale sold 15,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the transaction, the director now owns 818,180 shares of the company's stock, valued at $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock worth $16,917,365 in the last quarter. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Stock Performance

Shares of BellRing Brands stock traded down $1.11 during trading on Thursday, hitting $73.61. 221,017 shares of the stock were exchanged, compared to its average volume of 1,323,158. The stock has a market cap of $9.44 billion, a PE ratio of 34.56, a P/E/G ratio of 2.24 and a beta of 0.78. The stock's fifty day moving average is $72.78 and its 200 day moving average is $71.96. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

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

BellRing Brands declared that its board has initiated a stock repurchase program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

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.