Central Pacific Bank Trust Division Buys Shares of 10,742 BellRing Brands, Inc. (NYSE:BRBR)

Central Pacific Bank Trust Division purchased a new stake in shares of BellRing Brands, Inc. (NYSE:BRBRFree Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 10,742 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in BellRing Brands by 3.2% during the third quarter. Public Employees Retirement System of Ohio now owns 142,192 shares of the company’s stock worth $5,863,000 after purchasing an additional 4,360 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of BellRing Brands in the 3rd quarter worth $23,552,000. Teachers Retirement System of The State of Kentucky grew its position in BellRing Brands by 91.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 45,791 shares of the company’s stock valued at $1,888,000 after acquiring an additional 21,935 shares during the period. FCF Advisors LLC acquired a new stake in BellRing Brands during the fourth quarter worth about $915,000. Finally, Sarasin & Partners LLP purchased a new position in shares of BellRing Brands in the 4th quarter worth about $1,663,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $62.00 target price on shares of BellRing Brands in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of BellRing Brands in a research report on Thursday, May 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Barclays increased their price target on BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Evercore ISI raised their price objective on BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus increased their target price on BellRing Brands from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.23.

Read Our Latest Stock Analysis on BRBR

Insider Activity at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total transaction of $902,250.00. Following the transaction, the chairman now owns 215,054 shares of the company’s stock, valued at approximately $12,935,498.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.80% of the stock is owned by corporate insiders.

BellRing Brands Stock Performance

Shares of BRBR stock traded down $0.33 during mid-day trading on Wednesday, reaching $54.86. 129,343 shares of the company were exchanged, compared to its average volume of 1,320,993. The business’s 50 day simple moving average is $57.95 and its 200 day simple moving average is $57.11. The company has a market capitalization of $7.16 billion, a P/E ratio of 38.33, a P/E/G ratio of 1.67 and a beta of 0.84. BellRing Brands, Inc. has a fifty-two week low of $34.63 and a fifty-two week high of $62.76.

BellRing Brands (NYSE:BRBRGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. The company had revenue of $494.60 million during the quarter, compared to analyst estimates of $467.22 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. On average, analysts forecast that BellRing Brands, Inc. will post 1.8 EPS for the current year.

BellRing Brands Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BRBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BellRing Brands, Inc. (NYSE:BRBRFree Report).

Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter.