Louisiana State Employees Retirement System Invests $2.05 Million in BellRing Brands, Inc. (NYSE:BRBR)

Louisiana State Employees Retirement System purchased a new position in BellRing Brands, Inc. (NYSE:BRBR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,900 shares of the company’s stock, valued at approximately $2,045,000.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its position in BellRing Brands by 328.4% during the first quarter. BlackRock Inc. now owns 12,967,658 shares of the company’s stock valued at $299,293,000 after acquiring an additional 9,940,436 shares during the last quarter. Vanguard Group Inc. increased its position in BellRing Brands by 183.4% during the first quarter. Vanguard Group Inc. now owns 10,814,461 shares of the company’s stock valued at $249,598,000 after acquiring an additional 6,997,877 shares during the last quarter. State Street Corp increased its position in BellRing Brands by 332.1% during the first quarter. State Street Corp now owns 3,676,863 shares of the company’s stock valued at $84,862,000 after acquiring an additional 2,826,014 shares during the last quarter. Dimensional Fund Advisors LP increased its position in BellRing Brands by 1,640.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,725,639 shares of the company’s stock valued at $62,909,000 after acquiring an additional 2,569,055 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in BellRing Brands by 11,443.3% during the first quarter. The Manufacturers Life Insurance Company now owns 2,384,380 shares of the company’s stock valued at $55,031,000 after acquiring an additional 2,363,724 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total transaction of $57,810.00. Following the sale, the director now directly owns 24,646 shares in the company, valued at $1,424,785.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

BellRing Brands Trading Down 1.6 %

NYSE:BRBR opened at $54.32 on Thursday. The company has a market capitalization of $7.11 billion, a P/E ratio of 43.81, a P/E/G ratio of 2.07 and a beta of 0.83. BellRing Brands, Inc. has a 12 month low of $34.48 and a 12 month high of $62.76. The business’s 50-day moving average is $58.13 and its 200 day moving average is $53.00.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The business had revenue of $430.40 million for the quarter, compared to the consensus estimate of $407.91 million. On average, research analysts forecast that BellRing Brands, Inc. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BRBR. Truist Financial cut BellRing Brands from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $50.00 in a research report on Wednesday, January 3rd. Stifel Nicolaus boosted their price target on BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Mizuho boosted their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Morgan Stanley boosted their price target on BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, Barclays boosted their price target on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and an average price target of $57.08.

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.