Swiss National Bank Sells 500 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Swiss National Bank lessened its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,224 shares of the company’s stock after selling 500 shares during the quarter. Swiss National Bank’s holdings in BellRing Brands were worth $19,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRBR. Atria Investments Inc lifted its position in BellRing Brands by 10.0% during the 3rd quarter. Atria Investments Inc now owns 10,227 shares of the company’s stock worth $621,000 after acquiring an additional 927 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of BellRing Brands by 20.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,683 shares of the company’s stock valued at $284,000 after buying an additional 800 shares during the last quarter. KBC Group NV raised its stake in shares of BellRing Brands by 14.1% during the 3rd quarter. KBC Group NV now owns 3,583 shares of the company’s stock valued at $218,000 after buying an additional 443 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of BellRing Brands by 0.6% during the 3rd quarter. Natixis Advisors LLC now owns 101,475 shares of the company’s stock valued at $6,162,000 after buying an additional 589 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of BellRing Brands by 12.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 94,667 shares of the company’s stock valued at $5,749,000 after buying an additional 10,720 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BRBR. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Stephens reiterated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.79.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the transaction, the director now directly owns 818,180 shares in the company, valued at $59,776,230.80. The trade was a 1.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 218,636 shares of company stock worth $16,677,550 in the last ninety days. Insiders own 1.07% of the company’s stock.

BellRing Brands Trading Down 1.2 %

NYSE:BRBR opened at $68.38 on Wednesday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a 50 day moving average of $73.54 and a two-hundred day moving average of $70.30. The firm has a market cap of $8.77 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has authorized a stock buyback program on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.