Teachers Retirement System of The State of Kentucky Has $4.77 Million Position in BellRing Brands Inc. (NYSE:BRBR)

Teachers Retirement System of The State of Kentucky lowered its position in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,099 shares of the company's stock after selling 10,508 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in BellRing Brands were worth $4,773,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of BellRing Brands by 284.2% during the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock worth $171,663,000 after buying an additional 1,685,525 shares during the last quarter. Norges Bank acquired a new stake in shares of BellRing Brands during the 4th quarter worth about $114,185,000. Invesco Ltd. lifted its stake in shares of BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after buying an additional 1,121,691 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of BellRing Brands by 32.6% during the 4th quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock worth $275,413,000 after buying an additional 898,885 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of BellRing Brands by 77.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company's stock worth $131,137,000 after buying an additional 768,595 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

Insiders Place Their Bets

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $57.70, for a total transaction of $92,320.00. Following the sale, the chief executive officer directly owned 197,178 shares of the company's stock, valued at $11,377,170.60. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 11,200 shares of company stock worth $662,448. Insiders own 1.07% of the company's stock.

BellRing Brands Trading Down 1.1%

Shares of NYSE:BRBR opened at $57.58 on Tuesday. The firm has a 50 day moving average of $60.44 and a 200-day moving average of $68.80. The stock has a market capitalization of $7.31 billion, a PE ratio of 26.78, a PEG ratio of 1.83 and a beta of 0.70. BellRing Brands Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BRBR. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Tuesday, May 27th. Mizuho cut their target price on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Evercore ISI cut their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Citigroup dropped their price objective on shares of 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, BellRing Brands has an average rating of "Moderate Buy" and an average price target of $76.19.

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.

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