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

Retirement Systems of Alabama trimmed its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,148 shares of the company's stock after selling 62,188 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of BellRing Brands worth $11,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. E. Ohman J or Asset Management AB increased its holdings in BellRing Brands by 5.6% in the 4th quarter. E. Ohman J or Asset Management AB now owns 534,616 shares of the company's stock valued at $40,278,000 after purchasing an additional 28,143 shares in the last quarter. One Wealth Advisors LLC acquired a new stake in BellRing Brands in the 4th quarter valued at $284,000. SYM FINANCIAL Corp acquired a new stake in BellRing Brands in the 4th quarter valued at $295,000. SeaBridge Investment Advisors LLC increased its holdings in BellRing Brands by 0.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company's stock valued at $1,337,000 after purchasing an additional 142 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in BellRing Brands in the 4th quarter valued at $388,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded up $0.76 during trading hours on Tuesday, hitting $76.24. The stock had a trading volume of 689,365 shares, compared to its average volume of 1,192,199. The stock's fifty day simple moving average is $75.86 and its 200 day simple moving average is $66.99. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BRBR shares. TD Cowen increased their price target on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Truist Financial upped 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. 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 report on Thursday, November 14th. Barclays upped their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.87.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares in the company, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.07% of the company's stock.

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.