BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,599 shares of the company's stock after buying an additional 19,222 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of BellRing Brands worth $8,333,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC lifted its position in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company's stock valued at $1,337,000 after acquiring an additional 142 shares in the last quarter. Fifth Third Bancorp increased its stake in BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after purchasing an additional 153 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in shares of BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company's stock worth $472,000 after acquiring an additional 185 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of BellRing Brands by 5.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company's stock worth $264,000 after acquiring an additional 188 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of BellRing Brands by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company's stock valued at $305,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

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BellRing Brands Stock Up 0.2 %

NYSE:BRBR traded up $0.13 during trading hours on Thursday, reaching $73.97. 692,385 shares of the stock were exchanged, compared to its average volume of 1,126,379. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market capitalization of $9.49 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.24 and a beta of 0.85. The firm has a 50 day simple moving average of $73.53 and a 200-day simple moving average of $70.87.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping 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, analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the transaction, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 218,636 shares of company stock valued at $16,677,550 in the last quarter. Insiders own 1.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRBR. Stephens reiterated an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Morgan Stanley initiated coverage on BellRing Brands in a research report on Monday. They issued an "overweight" rating and a $84.00 target price for the company. Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Barclays boosted their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, Citigroup increased 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. 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, the company has an average rating of "Moderate Buy" and a consensus target price of $79.13.

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.