19,295 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,295 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds have also recently added to or reduced their stakes in BRBR. Invesco Ltd. increased its stake in BellRing Brands by 50.9% during the 3rd quarter. Invesco Ltd. now owns 2,687,684 shares of the company’s stock worth $110,813,000 after acquiring an additional 906,559 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of BellRing Brands by 273.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,074,396 shares of the company’s stock valued at $44,298,000 after purchasing an additional 786,756 shares during the last quarter. American Century Companies Inc. bought a new position in shares of BellRing Brands in the 3rd quarter valued at $23,552,000. Boston Partners bought a new position in shares of BellRing Brands in the 3rd quarter valued at $19,316,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BellRing Brands by 355.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 216,455 shares of the company’s stock valued at $8,924,000 after purchasing an additional 168,892 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Insider Activity

In other news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the transaction, the director now directly owns 24,646 shares of the company’s stock, valued at approximately $1,424,785.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BRBR. Barclays lifted their price target on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley lifted their price target on BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Mizuho lifted their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. TD Cowen began coverage on BellRing Brands in a report on Monday. They set a “buy” rating and a $64.00 price objective on the stock. Finally, Citigroup began coverage on BellRing Brands in a report on Thursday, February 1st. They set a “buy” rating and a $67.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.62.

BellRing Brands Stock Down 0.6 %

BRBR traded down $0.36 during midday trading on Thursday, hitting $55.26. 676,599 shares of the company were exchanged, compared to its average volume of 1,214,420. The firm has a market capitalization of $7.24 billion, a P/E ratio of 44.56, a P/E/G ratio of 2.13 and a beta of 0.83. BellRing Brands, Inc. has a 1-year low of $34.58 and a 1-year high of $62.76. The firm’s 50 day moving average price is $57.68 and its 200-day moving average price is $53.50.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $430.40 million for the quarter, compared to the consensus estimate of $407.91 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. On average, sell-side analysts predict that BellRing Brands, Inc. will post 1.67 earnings per share for the current fiscal year.

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.