Healthcare of Ontario Pension Plan Trust Fund Decreases Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in BellRing Brands, Inc. (NYSE:BRBR) by 68.6% during the first quarter, Holdings Channel reports. The fund owned 18,900 shares of the company’s stock after selling 41,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BellRing Brands were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRBR. Raymond James & Associates bought a new position in BellRing Brands during the fourth quarter valued at $654,000. Pacer Advisors Inc. grew its stake in shares of BellRing Brands by 63.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,352 shares of the company’s stock worth $1,350,000 after acquiring an additional 9,476 shares during the period. Everett Harris & Co. CA purchased a new stake in BellRing Brands in the 4th quarter worth about $250,000. McGlone Suttner Wealth Management Inc. bought a new stake in BellRing Brands in the 4th quarter valued at about $56,000. Finally, Bellecapital International Ltd. purchased a new stake in BellRing Brands during the fourth quarter valued at about $241,000. 94.97% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BRBR. Needham & Company LLC reiterated a “buy” rating and issued a $62.00 price objective on shares of BellRing Brands in a research note on Tuesday, May 7th. Evercore ISI lifted their target price on BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Mizuho upped their price target on BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stifel Nicolaus raised their price objective on shares of BellRing Brands from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Barclays upped their target price on shares of BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average price target of $62.29.

BellRing Brands Price Performance

NYSE:BRBR remained flat at $48.99 during trading hours on Thursday. 1,095,193 shares of the company were exchanged, compared to its average volume of 1,360,723. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. The firm’s 50-day moving average price is $56.56 and its 200-day moving average price is $56.91. BellRing Brands, Inc. has a one year low of $35.03 and a one year high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. Research analysts expect that BellRing Brands, Inc. will post 1.8 EPS for the current year.

BellRing Brands 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.