BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Teacher Retirement System of Texas

Posted by on Jun 12th, 2023

Teacher Retirement System of Texas lowered its holdings in BellRing Brands, Inc. (NYSE:BRBR – Get Rating) by 70.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,126 shares of the company’s stock after selling 85,121 shares during the period. Teacher Retirement System of Texas’ holdings in BellRing Brands were worth $901,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in shares of BellRing Brands during the 1st quarter valued at $31,000. Belpointe Asset Management LLC bought a new stake in shares of BellRing Brands during the fourth quarter worth approximately $34,000. Quadrant Capital Group LLC increased its stake in BellRing Brands by 1,088.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,367 shares of the company’s stock valued at $35,000 after acquiring an additional 1,252 shares during the last quarter. Macquarie Group Ltd. increased its position in BellRing Brands by 70.7% in the 2nd quarter. Macquarie Group Ltd. now owns 2,900 shares of the company’s stock valued at $72,000 after acquiring an additional 1,201 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of BellRing Brands by 1,612.5% during the 1st quarter. Captrust Financial Advisors now owns 3,288 shares of the company’s stock valued at $76,000 after acquiring an additional 3,096 shares during the period. 92.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $35.82, for a total value of $537,300.00. Following the completion of the transaction, the chairman now owns 230,054 shares in the company, valued at $8,240,534.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus initiated coverage on shares of BellRing Brands in a research report on Thursday, April 13th. They issued a “buy” rating and a $39.00 target price on the stock. Citigroup increased their price objective on shares of BellRing Brands from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Stephens lifted their price target on BellRing Brands from $39.00 to $43.00 in a research note on Wednesday, May 10th. William Blair started coverage on shares of BellRing Brands in a research report on Wednesday, April 26th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC boosted their target price on BellRing Brands from $40.00 to $44.00 in a report on Wednesday, May 10th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $40.15.

BellRing Brands Price Performance

BellRing Brands stock opened at $35.84 on Monday. The firm has a market cap of $4.76 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.07 and a beta of 0.87. The stock’s fifty day moving average price is $35.75 and its two-hundred day moving average price is $30.85. BellRing Brands, Inc. has a one year low of $20.20 and a one year high of $37.91.

BellRing Brands (NYSE:BRBR – Get Rating) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. BellRing Brands had a net margin of 9.87% and a negative return on equity of 42.81%. The business had revenue of $385.60 million during the quarter, compared to analysts’ expectations of $371.26 million. During the same quarter in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. Sell-side analysts expect that BellRing Brands, Inc. will post 1.27 earnings per share for the current fiscal year.

BellRing Brands Company Profile

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BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. The company sells 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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