Interval Partners LP Sells 195,373 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Interval Partners LP lessened its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 59.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,581 shares of the company’s stock after selling 195,373 shares during the quarter. Interval Partners LP owned 0.10% of BellRing Brands worth $9,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of BellRing Brands by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock worth $1,012,419,000 after acquiring an additional 135,105 shares in the last quarter. Franklin Resources Inc. boosted its stake in BellRing Brands by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock valued at $344,885,000 after purchasing an additional 96,991 shares during the last quarter. Invesco Ltd. increased its holdings in BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company’s stock worth $321,429,000 after purchasing an additional 1,121,691 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of BellRing Brands by 32.6% in the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company’s stock worth $275,413,000 after purchasing an additional 898,885 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of BellRing Brands by 32.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company’s stock valued at $174,866,000 after purchasing an additional 564,342 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BRBR shares. Mizuho upped their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial lowered their target price on shares of BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a report on Thursday. Stephens restated an “equal weight” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Evercore ISI decreased their price objective on shares of BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, 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. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Buying and Selling at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, the director now owns 1,166,691 shares in the company, valued at $87,851,832.30. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,828 shares of company stock valued at $16,917,365 in the last 90 days. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Price Performance

Shares of BRBR opened at $61.18 on Friday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock’s fifty day moving average price is $72.00 and its two-hundred day moving average price is $73.52. The firm has a market cap of $7.85 billion, a PE ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $577.56 million. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a share buyback program on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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.