New York Life Investment Management LLC Sells 1,390 Shares of BellRing Brands, Inc. (NYSE:BRBR)

New York Life Investment Management LLC decreased its position in BellRing Brands, Inc. (NYSE:BRBR) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,636 shares of the company’s stock after selling 1,390 shares during the quarter. New York Life Investment Management LLC’s holdings in BellRing Brands were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Allegiance Financial Group Advisory Services LLC bought a new stake in BellRing Brands in the 4th quarter worth approximately $243,000. Argonautica Private Wealth Management Inc. boosted its holdings in shares of BellRing Brands by 3.0% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock worth $472,000 after purchasing an additional 185 shares during the period. Lake Street Advisors Group LLC purchased a new position in shares of BellRing Brands in the 4th quarter worth approximately $238,000. FourThought Financial Partners LLC purchased a new position in shares of BellRing Brands in the 4th quarter worth approximately $227,000. Finally, Quartz Partners LLC boosted its holdings in shares of BellRing Brands by 5.7% in the 4th quarter. Quartz Partners LLC now owns 40,766 shares of the company’s stock worth $3,071,000 after purchasing an additional 2,206 shares during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 2.6 %

Shares of NYSE BRBR opened at $71.36 on Tuesday. The business has a fifty day simple moving average of $75.04 and a two-hundred day simple moving average of $69.31. The firm has a market cap of $9.15 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BRBR. Stephens reiterated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. DA Davidson reiterated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Mizuho lifted their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Truist Financial boosted their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.87.

Insider Buying and Selling at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 218,636 shares of company stock valued at $16,677,550 in the last ninety days. Corporate insiders own 1.07% of the company’s stock.

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.