Amalgamated Bank Sells 870 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Amalgamated Bank reduced its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 1.3% during the third quarter, Holdings Channel.com reports. The fund owned 65,054 shares of the company’s stock after selling 870 shares during the quarter. Amalgamated Bank’s holdings in BellRing Brands were worth $3,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BRBR. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands during the second quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC grew its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares in the last quarter. Quarry LP increased its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after buying an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after buying an additional 615 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 2.6 %

Shares of BellRing Brands stock opened at $70.70 on Friday. The company’s fifty day simple moving average is $62.05 and its two-hundred day simple moving average is $58.02. BellRing Brands, Inc. has a 12-month low of $44.37 and a 12-month high of $71.14. The firm has a market cap of $9.14 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI increased their target price on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price 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. Needham & Company LLC reiterated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, 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. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $66.14.

BellRing Brands Company 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.