BellRing Brands, Inc. (NYSE:BRBR) Position Raised by Quartz Partners LLC

Quartz Partners LLC raised its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,766 shares of the company’s stock after buying an additional 2,206 shares during the period. BellRing Brands comprises about 1.9% of Quartz Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Quartz Partners LLC’s holdings in BellRing Brands were worth $3,071,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BRBR. Holocene Advisors LP acquired a new stake in BellRing Brands during the 3rd quarter valued at $69,998,000. Assenagon Asset Management S.A. boosted its holdings in BellRing Brands by 200.0% in 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 in the last quarter. Champlain Investment Partners LLC bought a new position in BellRing Brands during the third quarter valued at about $30,699,000. Wasatch Advisors LP boosted its stake in shares of BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after acquiring an additional 494,669 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings 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. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 1.6 %

Shares of BellRing Brands stock opened at $72.99 on Monday. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The firm’s 50-day moving average price is $75.61 and its two-hundred day moving average price is $68.58. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released 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%. As a group, equities research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays increased their price target on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Bank of America boosted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI raised their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $77.87.

Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction dated 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 owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 203,636 shares of company stock worth $15,581,650. 1.07% of the stock is owned by corporate insiders.

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.