Bryce Point Capital LLC Acquires New Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Bryce Point Capital LLC bought a new position in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,072 shares of the company’s stock, valued at approximately $608,000.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of 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 buying an additional 2,085 shares in the last quarter. Janus Henderson Group PLC increased its stake in BellRing Brands by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,775,559 shares of the company’s stock worth $107,812,000 after acquiring an additional 6,951 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at about $10,261,000. Point72 Asset Management L.P. boosted 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 last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of 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 purchasing an additional 3,009 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on BRBR. TD Cowen boosted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Morgan Stanley initiated coverage on BellRing Brands in a research note on Monday, March 24th. They issued an “overweight” rating and a $84.00 target price on the stock. Mizuho lifted their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Stephens reissued an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.13.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $76.94 on Thursday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The company has a 50-day moving average of $73.62 and a 200 day moving average of $71.46. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has approved a share buyback program on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the transaction, the insider now directly owns 57,836 shares of the company’s stock, valued at $4,345,218.68. This represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction on Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the sale, the director now directly owns 818,180 shares of the company’s stock, valued at $59,776,230.80. The trade was a 1.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,828 shares of company stock valued at $16,917,365. 1.07% of the stock is owned by insiders.

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.