Parkside Financial Bank & Trust Sells 907 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Parkside Financial Bank & Trust lessened its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 60.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594 shares of the company’s stock after selling 907 shares during the quarter. Parkside Financial Bank & Trust’s holdings in BellRing Brands were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% during the 3rd 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. UMB Bank n.a. grew its holdings in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares during the period. Truvestments Capital LLC purchased a new stake in BellRing Brands in the third quarter worth $44,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands in the fourth quarter valued at $52,000. Finally, Fifth Third Bancorp lifted its position in shares of BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after buying an additional 153 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on BRBR. DA Davidson reissued a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Mizuho lifted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Bank of America boosted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Stock Performance

NYSE:BRBR opened at $71.36 on Tuesday. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock has a fifty day moving average of $75.04 and a 200 day moving average of $69.31. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) 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%. Equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now owns 818,180 shares in the company, valued at $59,776,230.80. This trade represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 218,636 shares of company stock valued at $16,677,550 in the last quarter. Corporate insiders own 1.07% of the company’s stock.

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.