Zurcher Kantonalbank Zurich Cantonalbank Has $1.52 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 30.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,462 shares of the company’s stock after buying an additional 6,361 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BellRing Brands were worth $1,522,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BRBR. Allworth Financial LP grew its stake in BellRing Brands by 59.2% in the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock valued at $42,000 after buying an additional 375 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in BellRing Brands by 108.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock valued at $50,000 after buying an additional 636 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in BellRing Brands in the 4th quarter valued at $56,000. Mosaic Family Wealth Partners LLC acquired a new position in BellRing Brands in the 4th quarter valued at $220,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in BellRing Brands in the 3rd quarter valued at $221,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Down 0.6 %

Shares of BellRing Brands stock opened at $55.26 on Friday. The stock has a market capitalization of $7.24 billion, a P/E ratio of 44.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83. The company has a 50-day simple moving average of $57.68 and a 200 day simple moving average of $53.50. BellRing Brands, Inc. has a 12-month low of $34.58 and a 12-month high of $62.76.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BRBR shares. Mizuho increased their price target on shares of BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Morgan Stanley increased their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Needham & Company LLC increased their price target on shares of BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Stephens reissued an “equal weight” rating and issued a $51.00 price target on shares of BellRing Brands in a report on Tuesday, February 6th. Finally, Stifel Nicolaus raised their price objective on shares of BellRing Brands from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.62.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the sale, the director now owns 24,646 shares in the company, valued at approximately $1,424,785.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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.