Public Employees Retirement System of Ohio Reduces Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Public Employees Retirement System of Ohio lowered its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 161,736 shares of the company's stock after selling 8,883 shares during the quarter. Public Employees Retirement System of Ohio owned 0.13% of BellRing Brands worth $9,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BRBR. MML Investors Services LLC increased its position in shares of BellRing Brands by 8.9% in the third quarter. MML Investors Services LLC now owns 5,832 shares of the company's stock valued at $354,000 after acquiring an additional 476 shares during the period. Zacks Investment Management increased its holdings in BellRing Brands by 1.1% during the 3rd quarter. Zacks Investment Management now owns 70,195 shares of the company's stock valued at $4,262,000 after purchasing an additional 748 shares during the period. iSAM Funds UK Ltd purchased a new position in BellRing Brands during the 3rd quarter valued at about $245,000. Wellington Management Group LLP lifted its holdings in BellRing Brands by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company's stock worth $167,388,000 after buying an additional 281,667 shares during the period. Finally, State Street Corp grew its position in shares of BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock worth $236,001,000 after buying an additional 50,339 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

BRBR stock traded up $0.75 during trading on Thursday, hitting $77.99. 797,591 shares of the stock traded hands, compared to its average volume of 1,198,862. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The firm's 50 day moving average is $70.12 and its two-hundred day moving average is $61.06.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho upped their target price on BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a 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 stock a "buy" rating in a report on Thursday, November 14th. Citigroup lifted their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Truist Financial increased their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.60.

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.