Parkside Financial Bank & Trust Sells 907 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Parkside Financial Bank & Trust lowered its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 60.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 594 shares of the company’s stock after selling 907 shares during the period. Parkside Financial Bank & Trust’s holdings in BellRing Brands were worth $45,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC boosted its position in BellRing Brands by 0.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after buying an additional 142 shares during the period. Fifth Third Bancorp lifted its stake in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after acquiring an additional 153 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares during the period. Argonautica Private Wealth Management Inc. grew its position in 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 last quarter. Finally, CIBC Asset Management Inc increased its stake in BellRing Brands by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company’s stock worth $305,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 2.6 %

NYSE BRBR opened at $71.36 on Tuesday. The firm has a market capitalization of $9.15 billion, a PE ratio of 33.50, a P/E/G ratio of 2.24 and a beta of 0.86. The stock’s 50 day moving average is $75.04 and its 200 day moving average is $69.31. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its earnings results 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%. On average, research analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BRBR. Bank of America increased their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. TD Cowen boosted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup boosted their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the transaction, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is currently owned by company insiders.

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.