Xponance Inc. Acquires 1,156 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Xponance Inc. lifted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,079 shares of the company’s stock after buying an additional 1,156 shares during the quarter. Xponance Inc.’s holdings in BellRing Brands were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $52,000. Truvestments Capital LLC bought a new position in shares of BellRing Brands during the third quarter valued at $44,000. EverSource Wealth Advisors LLC raised its position in BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock worth $69,000 after buying an additional 591 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in BellRing Brands by 18.2% during 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 during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of recent research reports. Citigroup increased their target price on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. TD Cowen upped their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Mizuho increased their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Stephens reiterated an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.79.

Insider Activity

In related news, Director Robert V. Vitale sold 44,249 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the completion of the sale, the director now directly owns 938,457 shares of the company’s stock, valued at approximately $72,608,418.09. This trade represents a 4.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is currently owned by insiders.

BellRing Brands Stock Up 0.4 %

NYSE BRBR opened at $70.66 on Monday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.24 and a beta of 0.85. The company has a fifty day moving average of $73.45 and a two-hundred day moving average of $70.61.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping 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%. Equities research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its board has authorized a stock repurchase program on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.