Teachers Retirement System of The State of Kentucky Raises Holdings in 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 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,816 shares of the company’s stock after buying an additional 1,380 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in BellRing Brands were worth $4,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BRBR. Holocene Advisors LP purchased a new stake in BellRing Brands during the third quarter worth $69,998,000. D. E. Shaw & Co. Inc. lifted its stake in shares of BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after purchasing an additional 847,161 shares during the last quarter. Squarepoint Ops LLC boosted its position in BellRing Brands by 665.2% during the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after purchasing an additional 545,371 shares in the last quarter. E. Ohman J or Asset Management AB bought a new stake in BellRing Brands during the third quarter valued at about $30,753,000. Finally, Champlain Investment Partners LLC purchased a new position in BellRing Brands in the third quarter valued at about $30,699,000. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Up 0.0 %

Shares of NYSE:BRBR opened at $78.01 on Friday. The business has a 50-day moving average price of $70.76 and a 200-day moving average price of $61.31. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $79.90.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, equities analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial increased their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Stifel Nicolaus increased their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Stephens boosted their target price on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.60.

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.