Robeco Schweiz AG Decreases Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Robeco Schweiz AG trimmed its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,908 shares of the company's stock after selling 18,643 shares during the quarter. Robeco Schweiz AG owned 0.11% of BellRing Brands worth $10,691,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Wasatch Advisors LP boosted its holdings in BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after acquiring an additional 494,669 shares during the last quarter. Franklin Resources Inc. lifted its stake in BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock valued at $285,646,000 after purchasing an additional 380,216 shares during the last quarter. State Street Corp lifted its position in shares of BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after buying an additional 50,339 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of BellRing Brands by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company's stock valued at $167,388,000 after buying an additional 281,667 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in BellRing Brands by 21.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company's stock worth $157,202,000 after purchasing an additional 457,796 shares during the period. 94.97% of the stock is owned by institutional investors.

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Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 79,068 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the completion of the sale, the director now directly owns 982,706 shares in the company, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRBR. Bank of America lifted their price target on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Jefferies Financial Group increased their target price on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Citigroup boosted their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Truist Financial raised their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus upped their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a "buy" rating in a 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, BellRing Brands presently has an average rating of "Moderate Buy" and an average target price of $77.87.

BellRing Brands Price Performance

NYSE BRBR traded up $2.91 during mid-day trading on Friday, reaching $73.36. The stock had a trading volume of 2,198,038 shares, compared to its average volume of 1,216,757. The company has a fifty day moving average price of $75.13 and a 200 day moving average price of $69.10. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a market cap of $9.41 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (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, equities research analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share 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.