Central Pacific Bank Trust Division Sells 3,009 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Central Pacific Bank Trust Division decreased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 29.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,273 shares of the company’s stock after selling 3,009 shares during the quarter. Central Pacific Bank Trust Division’s holdings in BellRing Brands were worth $548,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the third quarter worth $44,000. Quarry LP increased its stake in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of BellRing Brands by 53.9% in the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock valued at $118,000 after purchasing an additional 682 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Up 0.8 %

Shares of BRBR stock opened at $75.20 on Friday. The stock has a 50-day moving average of $74.11 and a 200-day moving average of $63.07. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.59 and a beta of 0.86. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $79.90.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. During the same quarter last year, the business earned $0.41 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on BRBR. Bank of America raised their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Mizuho upped their price objective on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Finally, Citigroup upped their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and an average target price of $75.60.

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.