Louisiana State Employees Retirement System Sells 800 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Louisiana State Employees Retirement System reduced its stake in shares of BellRing Brands, Inc. (NYSE:BRBR – Free Report) by 2.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,900 shares of the company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in BellRing Brands were worth $2,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. &PARTNERS bought a new position in shares of BellRing Brands in the second quarter valued at about $895,000. Fifth Third Wealth Advisors LLC bought a new stake in BellRing Brands during the 2nd quarter valued at $250,000. Fifth Third Bancorp boosted its holdings in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after acquiring an additional 374 shares during the last quarter. Summit Global Investments bought a new position in BellRing Brands in the second quarter valued at about $507,000. Finally, Carnegie Investment Counsel boosted its stake in BellRing Brands by 66.4% in the second quarter. Carnegie Investment Counsel now owns 47,244 shares of the company’s stock valued at $2,700,000 after purchasing an additional 18,852 shares during the last quarter. 94.97% of shares are held by institutional investors.

BellRing brand stocks rose 0.4%

BRBR opened at $55.43 on Friday. The firm has a 50-day moving average price of $54.33 and a 200-day moving average price of $56.65. BellRing Brands, Inc. it has a twelve month low of $39.67 and a twelve month high of $62.76. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 1.50 and a beta of 0.84.

BellRing Brands (NYSE:BRBR – Get Your Free Report ) last posted its earnings results on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The business had revenue of $515.40 million for the quarter, compared to analysts’ expectations of $504.73 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. In the same quarter last year, the firm posted EPS of $0.34. On average, sell-side analysts expect that BellRing Brands, Inc. to post 1.8 earnings per share for the current fiscal year.

Analysts on Wall Street are forecasting an increase

Several research analysts recently issued reports on BRBR shares. Stifel Nicolaus lifted their price target on BellRing Brands from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. TD Cowen upped their target price on shares of BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Barclays raised their target price on shares of BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Mizuho upped their target price on BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, the 25th July. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.64, according to MarketBeat.com.

Check out our latest analysis of BRBR

About BellRing Brands

(Free report)

BellRing Brands, Inc, together with its subsidiaries, supplies various nutritional 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-market, e-commerce, specialty and convenience channels.

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