Y Intercept Hong Kong Ltd Reduces Position in BellRing Brands, Inc. (NYSE:BRBR)

Y Intercept Hong Kong Ltd lessened its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 82.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,911 shares of the company’s stock after selling 46,759 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BellRing Brands were worth $747,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BRBR. Holocene Advisors LP purchased a new stake in BellRing Brands during the 3rd quarter valued at about $69,998,000. Assenagon Asset Management S.A. grew its stake in shares of BellRing Brands by 200.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock valued at $74,781,000 after buying an additional 661,774 shares during the period. Champlain Investment Partners LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at approximately $30,699,000. Wasatch Advisors LP grew its stake in shares of BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after buying an additional 494,669 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of BellRing Brands by 21.5% in 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 buying an additional 457,796 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 4.1 %

BellRing Brands stock opened at $73.36 on Friday. The firm has a market cap of $9.41 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company’s 50 day moving average is $75.13 and its two-hundred day moving average is $68.99.

BellRing Brands (NYSE:BRBR) last announced 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 net margin of 13.32% and a negative return on equity of 130.14%. On average, equities research analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BRBR. Barclays increased their price target 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. Bank of America increased their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI increased their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Finally, Citigroup upped their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

Insider Activity

In other news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction 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 sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands 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.