BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in shares of BellRing Brands, Inc. (NYSE:BRBRFree Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,821 shares of the company’s stock after selling 11,277 shares during the period. US Bancorp DE owned about 0.11% of BellRing Brands worth $7,861,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Balboa Wealth Partners purchased a new position in shares of BellRing Brands during the 4th quarter worth approximately $275,000. Ontario Teachers Pension Plan Board purchased a new position in shares of BellRing Brands during the 4th quarter worth approximately $3,205,000. Hanlon Investment Management Inc. purchased a new position in shares of BellRing Brands during the 4th quarter worth approximately $238,000. Franklin Resources Inc. increased its stake in shares of BellRing Brands by 60.3% during the 4th quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock worth $203,239,000 after purchasing an additional 1,379,138 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of BellRing Brands during the 4th quarter worth approximately $8,027,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the transaction, the chairman now directly owns 215,054 shares in the company, valued at approximately $12,935,498.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and set a $53.00 price objective on shares of BellRing Brands in a research note on Tuesday, May 7th. Barclays boosted their price objective on shares of BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. TD Cowen boosted their price objective on shares of BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Evercore ISI boosted their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Mizuho lifted their target price on shares of BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.23.

Read Our Latest Analysis on BRBR

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $58.36 on Tuesday. BellRing Brands, Inc. has a 1-year low of $34.58 and a 1-year high of $62.76. The company has a market capitalization of $7.61 billion, a PE ratio of 40.53, a P/E/G ratio of 1.67 and a beta of 0.85. The business has a 50-day moving average of $57.61 and a 200-day moving average of $55.81.

BellRing Brands (NYSE:BRBRGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $467.22 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. BellRing Brands’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities analysts expect that BellRing Brands, Inc. will post 1.78 earnings per share for the current fiscal year.

About BellRing Brands

(Free Report)

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.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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