Chicago Partners Investment Group LLC Makes New Investment in BellRing Brands, Inc. (NYSE:BRBR)

Chicago Partners Investment Group LLC acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,349 shares of the company's stock, valued at approximately $388,000.

Several other large investors also recently bought and sold shares of the company. Creative Planning boosted its holdings in shares of BellRing Brands by 10.3% during the 2nd quarter. Creative Planning now owns 22,121 shares of the company's stock worth $1,264,000 after purchasing an additional 2,072 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of BellRing Brands by 13.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,480 shares of the company's stock worth $2,154,000 after purchasing an additional 4,100 shares during the last quarter. CWM LLC boosted its holdings in shares of BellRing Brands by 264.3% during the 3rd quarter. CWM LLC now owns 3,927 shares of the company's stock worth $238,000 after purchasing an additional 2,849 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in shares of BellRing Brands by 17.8% during the 3rd quarter. Carnegie Investment Counsel now owns 55,667 shares of the company's stock worth $3,380,000 after purchasing an additional 8,423 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of BellRing Brands by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company's stock worth $796,000 after purchasing an additional 2,097 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Barclays upped their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday. Stephens reiterated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday. Evercore ISI upped their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $77.87.

BellRing Brands Stock Down 1.0 %

NYSE:BRBR traded down $0.78 during trading hours on Friday, reaching $76.49. 663,201 shares of the stock were exchanged, compared to its average volume of 1,229,046. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The business has a 50-day moving average of $75.91 and a two-hundred day moving average of $66.56. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping 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 forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

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.