BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,414 shares of the company’s stock after selling 825 shares during the period. New York State Common Retirement Fund’s holdings in BellRing Brands were worth $3,737,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BRBR. FMR LLC grew its stake in shares of BellRing Brands by 1.9% in the 3rd quarter. FMR LLC now owns 4,524,052 shares of the company’s stock valued at $186,527,000 after purchasing an additional 84,750 shares during the last quarter. Invesco Ltd. grew its stake in shares of BellRing Brands by 50.9% in the 3rd quarter. Invesco Ltd. now owns 2,687,684 shares of the company’s stock valued at $110,813,000 after purchasing an additional 906,559 shares during the last quarter. London Co. of Virginia grew its stake in shares of BellRing Brands by 1.1% in the 3rd quarter. London Co. of Virginia now owns 2,232,366 shares of the company’s stock valued at $92,040,000 after purchasing an additional 23,769 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of BellRing Brands by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,931 shares of the company’s stock valued at $57,018,000 after purchasing an additional 51,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of BellRing Brands by 9.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,137,617 shares of the company’s stock valued at $46,904,000 after purchasing an additional 99,529 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Transactions at BellRing Brands

In other news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the transaction, the director now directly owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on BRBR shares. Citigroup assumed coverage on BellRing Brands in a research note on Thursday, February 1st. They issued a “buy” rating and a $67.00 price target on the stock. Stifel Nicolaus lifted their price target on BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. TD Cowen assumed coverage on BellRing Brands in a research note on Monday, April 22nd. They issued a “buy” rating and a $64.00 price target on the stock. Needham & Company LLC lifted their price target on BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.92.

BellRing Brands Stock Performance

BRBR opened at $57.42 on Monday. The business’s fifty day moving average is $57.80 and its two-hundred day moving average is $54.20. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.18 and a beta of 0.85. BellRing Brands, Inc. has a one year low of $34.58 and a one year high of $62.76.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping 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 company had revenue of $430.40 million for the quarter, compared to the consensus estimate of $407.91 million. On average, analysts predict that BellRing Brands, Inc. will post 1.67 EPS 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.