Teachers Retirement System of The State of Kentucky Purchases 32,745 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Teachers Retirement System of The State of Kentucky increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 74.9% during the 2nd quarter, Holdings Channel reports. The firm owned 76,436 shares of the company’s stock after acquiring an additional 32,745 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in BellRing Brands were worth $4,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its position in shares of BellRing Brands by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after purchasing an additional 242 shares during the period. Hanseatic Management Services Inc. increased its holdings in BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after acquiring an additional 263 shares during the last quarter. Bessemer Group Inc. increased its holdings in BellRing Brands by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after acquiring an additional 276 shares during the last quarter. Parallel Advisors LLC increased its holdings in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after acquiring an additional 361 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after acquiring an additional 374 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Performance

BRBR opened at $60.40 on Thursday. The stock’s 50 day moving average price is $56.09 and its 200-day moving average price is $56.70. BellRing Brands, Inc. has a one year low of $40.57 and a one year high of $62.76. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 1.58 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The business had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, analysts predict that BellRing Brands, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stephens reiterated an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.64.

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.