BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 4.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 46,778 shares of the company’s stock after selling 2,221 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in BellRing Brands were worth $3,524,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BRBR. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the period. UMB Bank n.a. increased its position in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of BellRing Brands during the 3rd quarter worth $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands in the 4th quarter worth about $52,000. Finally, Fifth Third Bancorp increased its holdings in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on BRBR shares. TD Cowen increased their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI raised their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial upped their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup raised their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $77.87.

BellRing Brands Stock Down 0.0 %

BRBR stock opened at $77.38 on Thursday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86. The business has a fifty day simple moving average of $75.79 and a 200-day simple moving average of $68.16.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 156,870 shares of company stock valued at $12,087,294 over the last ninety days. Corporate insiders own 1.07% of the company’s stock.

BellRing Brands Company 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.