BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in BellRing Brands, Inc. (NYSE:BRBR) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,148 shares of the company’s stock after selling 62,188 shares during the quarter. Retirement Systems of Alabama owned 0.12% of BellRing Brands worth $11,840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BRBR. Holocene Advisors LP purchased a new position in BellRing Brands during the 3rd quarter valued at about $69,998,000. Assenagon Asset Management S.A. raised its position in shares of BellRing Brands by 200.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock worth $74,781,000 after purchasing an additional 661,774 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new stake in BellRing Brands in the 3rd quarter valued at approximately $30,753,000. Champlain Investment Partners LLC acquired a new stake in BellRing Brands during the 3rd quarter valued at $30,699,000. Finally, Wasatch Advisors LP increased its position in BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after buying an additional 494,669 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $76.49 on Friday. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 2.61 and a beta of 0.86. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The company’s 50 day moving average price is $75.94 and its 200 day moving average price is $66.38.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. Sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

BRBR has been the topic of a number of analyst reports. Barclays increased their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen lifted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group upped their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup lifted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Bank of America increased their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

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.