Teachers Retirement System of The State of Kentucky Increases Position in BellRing Brands, Inc. (NYSE:BRBR)

Teachers Retirement System of The State of Kentucky lifted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 1.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,816 shares of the company’s stock after buying an additional 1,380 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of BellRing Brands worth $4,725,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands in the 3rd quarter valued at $44,000. Quarry LP lifted its stake in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BRBR shares. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Barclays lifted their price objective on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Mizuho increased their target price on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Truist Financial increased their price objective 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. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $78.01 on Friday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The firm has a 50-day simple moving average of $70.76 and a two-hundred day simple moving average of $61.31. The company has a market cap of $10.05 billion, a P/E ratio of 41.72, a PEG ratio of 2.59 and a beta of 0.86.

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

BellRing Brands Company 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.