BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Quest Partners LLC

Quest Partners LLC boosted its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 630.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,112 shares of the company's stock after buying an additional 44,981 shares during the period. Quest Partners LLC's holdings in BellRing Brands were worth $3,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BRBR. Vanguard Group Inc. grew its stake in shares of BellRing Brands by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company's stock worth $825,172,000 after purchasing an additional 698,121 shares during the period. Dimensional Fund Advisors LP grew its holdings in BellRing Brands by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock valued at $138,482,000 after purchasing an additional 86,992 shares during the period. Point72 Asset Management L.P. increased its position in shares of BellRing Brands by 23.3% in the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company's stock valued at $121,775,000 after buying an additional 402,666 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of BellRing Brands by 4.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,064,167 shares of the company's stock worth $117,947,000 after buying an additional 91,149 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company's stock valued at $84,221,000 after buying an additional 847,161 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Bank of America boosted their target price on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of BellRing Brands from $67.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Truist Financial boosted their price objective on BellRing Brands from $50.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. decreased their target price on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.33.

BellRing Brands Trading Up 1.8 %

BRBR stock traded up $1.32 during trading on Monday, reaching $73.41. 1,821,869 shares of the stock were exchanged, compared to its average volume of 1,203,911. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 1.61 and a beta of 0.84. The business has a 50 day moving average price of $64.24 and a 200-day moving average price of $58.85. BellRing Brands, Inc. has a 1 year low of $44.37 and a 1 year high of $73.45.

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.