Teachers Retirement System of The State of Kentucky Lowers Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Teachers Retirement System of The State of Kentucky decreased its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,691 shares of the company’s stock after selling 2,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in BellRing Brands were worth $2,421,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares in the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in shares of BellRing Brands during the fourth quarter worth $44,000. Parkside Financial Bank & Trust grew its stake in BellRing Brands by 108.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock valued at $50,000 after acquiring an additional 636 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in BellRing Brands in the 4th quarter valued at $56,000. Finally, Spire Wealth Management boosted its holdings in shares of BellRing Brands by 40.0% during the 4th quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock valued at $56,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR opened at $56.61 on Friday. The stock’s 50 day moving average price is $57.22 and its 200-day moving average price is $56.82. BellRing Brands, Inc. has a one year low of $34.58 and a one year high of $62.76. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 39.31, a P/E/G ratio of 1.57 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate 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 company had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. During the same quarter in the prior year, the company posted $0.24 EPS. BellRing Brands’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, analysts predict that BellRing Brands, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays boosted their target price on BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 target price on shares of BellRing Brands in a report on Tuesday, May 7th. Morgan Stanley upped their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. TD Cowen lifted their price objective on shares of BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of BellRing Brands in a research report on Thursday, May 23rd. They set a “buy” rating and a $67.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.23.

Insider Buying and Selling

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the sale, the chairman now directly owns 215,054 shares of the company’s stock, valued at approximately $12,935,498.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by insiders.

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.