Texas Permanent School Fund Corp Buys 1,080 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Texas Permanent School Fund Corp boosted its stake in BellRing Brands, Inc. (NYSE:BRBR) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,631 shares of the company’s stock after acquiring an additional 1,080 shares during the period. Texas Permanent School Fund Corp owned 0.09% of BellRing Brands worth $6,767,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in BellRing Brands in the 1st quarter valued at approximately $32,000. Parallel Advisors LLC lifted its stake in BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after purchasing an additional 361 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands in the first quarter worth approximately $37,000. Global Wealth Management Investment Advisory Inc. bought a new position in shares of BellRing Brands during the 4th quarter valued at $44,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of BellRing Brands during the fourth quarter valued at about $56,000. 94.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

BRBR has been the subject of several analyst reports. Mizuho increased their price target on shares of BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $62.00 price target on shares of BellRing Brands in a research note on Tuesday, May 7th. TD Cowen increased their price objective on shares of BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stephens reissued an “equal weight” rating and issued a $53.00 target price on shares of BellRing Brands in a research report on Tuesday, May 7th. Finally, Barclays upped their price objective on BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.23.

Insider Buying and Selling

In other news, Chairman Robert V. Vitale sold 15,000 shares of the business’s 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 filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

BellRing Brands Trading Up 2.0 %

BRBR traded up $1.13 during trading on Friday, hitting $56.33. 19,036 shares of the company traded hands, compared to its average volume of 1,324,932. The stock’s 50-day simple moving average is $57.90 and its two-hundred day simple moving average is $57.08. BellRing Brands, Inc. has a 1 year low of $34.98 and a 1 year high of $62.76. The company has a market cap of $7.35 billion, a PE ratio of 38.33, a P/E/G ratio of 1.55 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, May 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. Equities analysts expect that BellRing Brands, Inc. will post 1.8 EPS 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.