Globeflex Capital L P Cuts Stake in BellRing Brands, Inc. (NYSE:BRBR)

Globeflex Capital L P lessened its stake in BellRing Brands, Inc. (NYSE:BRBR – Get Rating) by 53.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,011 shares of the company’s stock after selling 17,060 shares during the quarter. Globeflex Capital L P’s holdings in BellRing Brands were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System raised its position in BellRing Brands by 18.0% during the third quarter. Arizona State Retirement System now owns 37,056 shares of the company’s stock valued at $764,000 after purchasing an additional 5,645 shares during the period. Natixis Advisors L.P. bought a new stake in BellRing Brands during the fourth quarter valued at about $273,000. Mutual of America Capital Management LLC grew its position in shares of BellRing Brands by 19.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 108,623 shares of the company’s stock worth $2,239,000 after buying an additional 17,334 shares during the last quarter. Putnam Investments LLC purchased a new stake in BellRing Brands during the third quarter valued at approximately $4,951,000. Finally, AXA S.A. acquired a new stake in shares of BellRing Brands in the 3rd quarter worth $12,141,000. Institutional investors own 92.40% of the company’s stock.

BellRing Brands Stock Up 0.4 %

Shares of BRBR traded up $0.15 during mid-day trading on Friday, reaching $36.72. 44,970 shares of the company’s stock were exchanged, compared to its average volume of 942,577. BellRing Brands, Inc. has a 52-week low of $20.20 and a 52-week high of $37.55. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.09 and a beta of 0.87. The company has a 50-day simple moving average of $34.75 and a two-hundred day simple moving average of $29.87.

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

Insider Buying and Selling at BellRing Brands

In related news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $35.82, for a total transaction of $537,300.00. Following the sale, the chairman now owns 230,054 shares in the company, valued at $8,240,534.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by insiders.

Analysts Set New Price Targets

BRBR has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of BellRing Brands from $35.00 to $41.00 in a research note on Tuesday, May 9th. Mizuho lifted their price target on BellRing Brands from $38.00 to $47.00 in a research report on Thursday, May 11th. Truist Financial upgraded shares of BellRing Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $40.00 in a research report on Thursday, March 23rd. Needham & Company LLC upped their target price on BellRing Brands from $40.00 to $44.00 in a research note on Wednesday, May 10th. Finally, Morgan Stanley increased their price objective on shares of BellRing Brands from $32.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, April 11th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, BellRing Brands has a consensus rating of “Buy” and a consensus target price of $40.15.

BellRing Brands 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.