Y Intercept Hong Kong Ltd Has $747,000 Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Y Intercept Hong Kong Ltd lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 82.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,911 shares of the company's stock after selling 46,759 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in BellRing Brands were worth $747,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC boosted its holdings in shares of BellRing Brands by 0.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company's stock valued at $1,337,000 after buying an additional 142 shares during the period. Fifth Third Bancorp increased its position in BellRing Brands by 18.2% in the 4th 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. Chartwell Investment Partners LLC raised its stake in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company's stock valued at $1,393,000 after acquiring an additional 181 shares in the last quarter. CIBC Asset Management Inc boosted its position in BellRing Brands by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company's stock worth $305,000 after acquiring an additional 211 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

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Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of research analyst reports. Barclays upped their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Stephens restated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Evercore ISI boosted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $77.87.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the sale, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. The trade was a 0.44 % 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. Over the last ninety days, insiders sold 218,636 shares of company stock worth $16,677,550. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Trading Up 1.5 %

NYSE:BRBR traded up $1.10 on Tuesday, hitting $72.66. 901,763 shares of the company's stock traded hands, compared to its average volume of 1,104,575. The company has a market cap of $9.32 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The firm has a 50-day moving average price of $75.04 and a 200-day moving average price of $69.31.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data 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, research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

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.