Louisiana State Employees Retirement System Purchases Shares of 36,900 BellRing Brands, Inc. (NYSE:BRBR)

Louisiana State Employees Retirement System acquired a new stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,900 shares of the company's stock, valued at approximately $2,045,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in BellRing Brands in the first quarter worth approximately $31,000. Point72 Middle East FZE bought a new stake in shares of BellRing Brands in the fourth quarter valued at about $33,000. Allworth Financial LP lifted its stake in BellRing Brands by 59.2% in the third quarter. Allworth Financial LP now owns 1,008 shares of the company's stock worth $42,000 after acquiring an additional 375 shares during the period. Parkside Financial Bank & Trust grew its holdings in BellRing Brands by 108.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company's stock worth $50,000 after acquiring an additional 636 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of BellRing Brands in the 4th quarter valued at about $56,000. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

Shares of NYSE:BRBR traded down $0.09 on Thursday, reaching $54.23. The company's stock had a trading volume of 1,183,971 shares, compared to its average volume of 1,231,908. BellRing Brands, Inc. has a 52-week low of $34.58 and a 52-week high of $62.76. The stock has a market capitalization of $7.10 billion, a P/E ratio of 43.73, a PEG ratio of 2.10 and a beta of 0.83. The stock's 50-day moving average is $58.04 and its two-hundred day moving average is $53.01.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The company had revenue of $430.40 million for the quarter, compared to analysts' expectations of $407.91 million. Equities analysts forecast that BellRing Brands, Inc. will post 1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

BRBR has been the topic of several research reports. Needham & Company LLC lifted their price objective on shares of BellRing Brands from $52.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, February 6th. Stifel Nicolaus lifted their target price on shares of BellRing Brands from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Morgan Stanley upped their price target on BellRing Brands from $61.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, March 7th. Mizuho upped their price objective on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Finally, Stephens reiterated an "equal weight" rating and set a $51.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, BellRing Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.08.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the transaction, the director now owns 24,646 shares in the company, valued at $1,424,785.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

About BellRing Brands

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.