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

Robeco Schweiz AG trimmed its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of BellRing Brands during the third quarter worth $228,000. DekaBank Deutsche Girozentrale purchased a new position in BellRing Brands during the 3rd quarter valued at about $422,000. State of Alaska Department of Revenue grew its position in BellRing Brands by 5.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,003 shares of the company’s stock valued at $910,000 after acquiring an additional 805 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in BellRing Brands during the third quarter worth about $433,000. Finally, Oak Ridge Investments LLC increased its stake in BellRing Brands by 2.6% during the third quarter. Oak Ridge Investments LLC now owns 126,836 shares of the company’s stock worth $7,701,000 after purchasing an additional 3,224 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRBR has been the subject of a number of research reports. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Truist Financial lifted their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three research 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.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $77.87.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 218,636 shares of company stock worth $16,677,550 in the last ninety days. 1.07% of the stock is owned by corporate insiders.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $71.44 on Thursday. The stock’s 50-day simple moving average is $75.33 and its 200-day simple moving average is $68.85. The firm has a market capitalization of $9.16 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, sell-side analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal 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.