Braun Stacey Associates Inc. Takes $18.68 Million Position in BellRing Brands, Inc. (NYSE:BRBR)

Braun Stacey Associates Inc. acquired a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 307,647 shares of the company’s stock, valued at approximately $18,680,000.

A number of other institutional investors have also recently made changes to their positions in the company. Chartwell Investment Partners LLC grew its position in shares of BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after purchasing an additional 242 shares in the last quarter. Hanseatic Management Services Inc. grew its position in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after purchasing an additional 263 shares in the last quarter. Bessemer Group Inc. grew its position in shares of BellRing Brands by 3.8% during the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after purchasing an additional 276 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of analyst reports. Evercore ISI increased their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Truist Financial increased their price target on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.33.

BellRing Brands Stock Performance

BellRing Brands stock opened at $72.09 on Monday. The company has a 50 day moving average price of $63.93 and a 200-day moving average price of $58.73. BellRing Brands, Inc. has a fifty-two week low of $44.37 and a fifty-two week high of $73.27. The company has a market capitalization of $9.32 billion, a PE ratio of 43.17, a P/E/G ratio of 1.61 and a beta of 0.84.

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.