Sei Investments Co. Grows Position in BellRing Brands, Inc. (NYSE:BRBR)

Sei Investments Co. raised its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,037 shares of the company’s stock after buying an additional 9,281 shares during the period. Sei Investments Co.’s holdings in BellRing Brands were worth $29,687,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BRBR. American Century Companies Inc. lifted its holdings in shares of BellRing Brands by 24.7% during the 4th quarter. American Century Companies Inc. now owns 703,632 shares of the company’s stock valued at $53,012,000 after acquiring an additional 139,322 shares in the last quarter. Quantbot Technologies LP raised its position in BellRing Brands by 68.4% in the fourth quarter. Quantbot Technologies LP now owns 53,993 shares of the company’s stock valued at $4,068,000 after purchasing an additional 21,930 shares during the period. Sciencast Management LP lifted its stake in shares of BellRing Brands by 103.4% during the fourth quarter. Sciencast Management LP now owns 18,928 shares of the company’s stock worth $1,426,000 after purchasing an additional 9,620 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of BellRing Brands by 21.0% in the fourth quarter. Teacher Retirement System of Texas now owns 110,599 shares of the company’s stock worth $8,333,000 after buying an additional 19,222 shares during the period. Finally, Xponance Inc. grew its stake in shares of BellRing Brands by 8.3% in the fourth quarter. Xponance Inc. now owns 15,079 shares of the company’s stock valued at $1,136,000 after buying an additional 1,156 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 218,636 shares of company stock worth $16,677,550 in the last 90 days. 1.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $73.54 on Wednesday. The company’s fifty day moving average is $73.51 and its two-hundred day moving average is $70.85. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (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%. Sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has initiated a share repurchase plan on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.