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

Braun Stacey Associates Inc. purchased a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 307,647 shares of the company's stock, valued at approximately $18,680,000. Braun Stacey Associates Inc. owned approximately 0.24% of BellRing Brands as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in BellRing Brands during the second quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after purchasing an additional 474 shares during the period. Quarry LP grew its holdings in 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 buying an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company's stock worth $56,000 after buying an additional 615 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. 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. Barclays raised their price target on shares of BellRing Brands from $68.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Stephens reaffirmed an "equal weight" rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on BellRing Brands from $67.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $67.33.

BellRing Brands Stock Up 1.4 %

NYSE:BRBR traded up $0.99 during trading hours on Monday, reaching $73.08. The company had a trading volume of 815,064 shares, compared to its average volume of 1,199,442. The firm has a market capitalization of $9.45 billion, a PE ratio of 43.54, a PEG ratio of 1.61 and a beta of 0.84. The stock has a 50-day moving average of $63.93 and a two-hundred day moving average of $58.73. BellRing Brands, Inc. has a one year low of $44.37 and a one year high of $73.34.

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.