BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,329 shares of the company’s stock after acquiring an additional 7,162 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BellRing Brands were worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi acquired a new position in shares of BellRing Brands during the 4th quarter valued at about $5,094,000. Edgestream Partners L.P. boosted its position in shares of BellRing Brands by 90.3% during the 4th quarter. Edgestream Partners L.P. now owns 96,004 shares of the company’s stock valued at $7,233,000 after acquiring an additional 45,551 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of BellRing Brands by 5.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock valued at $264,000 after acquiring an additional 188 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of BellRing Brands during the 4th quarter valued at about $18,356,000. Finally, Aigen Investment Management LP lifted its position in BellRing Brands by 5.9% in the fourth quarter. Aigen Investment Management LP now owns 13,943 shares of the company’s stock valued at $1,050,000 after buying an additional 772 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

BRBR has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Stephens reaffirmed an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, TD Cowen upped their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.79.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 218,636 shares of company stock worth $16,677,550 over the last three months. Insiders own 1.07% of the company’s stock.

BellRing Brands Stock Performance

BRBR stock opened at $67.44 on Friday. The company’s 50 day moving average price is $73.70 and its 200 day moving average price is $70.02. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. Equities analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a stock buyback plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.