Teacher Retirement System of Texas Sells 20,095 Shares of BellRing Brands Inc. (NYSE:BRBR)

Teacher Retirement System of Texas lessened its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 18.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,504 shares of the company's stock after selling 20,095 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of BellRing Brands worth $6,739,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BRBR. First Horizon Advisors Inc. lifted its stake in shares of BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after buying an additional 340 shares during the period. Wilson Asset Management International PTY Ltd. purchased a new stake in BellRing Brands during the 1st quarter valued at about $6,241,000. Shilanski & Associates Inc. lifted its holdings in shares of BellRing Brands by 6.2% during the first quarter. Shilanski & Associates Inc. now owns 22,954 shares of the company's stock worth $1,709,000 after purchasing an additional 1,336 shares during the period. KBC Group NV lifted its holdings in shares of BellRing Brands by 9.8% during the first quarter. KBC Group NV now owns 5,005 shares of the company's stock worth $373,000 after purchasing an additional 446 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BellRing Brands by 71.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock worth $661,000 after purchasing an additional 3,700 shares during the period. Institutional investors own 94.97% of the company's stock.

Insider Buying and Selling

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $57.45, for a total value of $91,920.00. Following the completion of the transaction, the chief executive officer owned 200,378 shares of the company's stock, valued at $11,511,716.10. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 8,000 shares of company stock worth $477,872 over the last three months. 1.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on BRBR shares. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research report on Tuesday, May 27th. Barclays set a $75.00 target price on BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Mizuho cut their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Morgan Stanley began coverage on BellRing Brands in a research report on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective for the company. Finally, Citigroup dropped their price objective on BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.69.

BellRing Brands Stock Performance

BRBR traded up $0.60 during trading on Thursday, reaching $58.28. 1,744,544 shares of the company's stock were exchanged, compared to its average volume of 1,400,346. The firm has a market capitalization of $7.40 billion, a PE ratio of 27.11, a P/E/G ratio of 1.81 and a beta of 0.70. BellRing Brands Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The company's fifty day moving average price is $62.04 and its 200-day moving average price is $69.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $588.00 million during the quarter, compared to analysts' expectations of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The business's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Research analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands 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.