BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 243.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 669 shares of the company’s stock after purchasing an additional 474 shares during the period. Farther Finance Advisors LLC’s holdings in BellRing Brands were worth $41,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BRBR. Janney Montgomery Scott LLC acquired a new stake in BellRing Brands during the 1st quarter worth about $428,000. Envestnet Portfolio Solutions Inc. acquired a new position in BellRing Brands in the 1st quarter worth approximately $229,000. Russell Investments Group Ltd. boosted its stake in BellRing Brands by 73.0% in the 1st quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock worth $3,374,000 after purchasing an additional 24,126 shares during the period. ProShare Advisors LLC grew its position in BellRing Brands by 4.7% during the 1st quarter. ProShare Advisors LLC now owns 30,109 shares of the company’s stock worth $1,777,000 after purchasing an additional 1,341 shares in the last quarter. Finally, M&G Plc acquired a new stake in BellRing Brands during the 1st quarter valued at $8,248,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Up 0.5 %

NYSE BRBR opened at $72.47 on Friday. The stock has a market capitalization of $9.37 billion, a PE ratio of 43.33, a price-to-earnings-growth ratio of 1.62 and a beta of 0.84. BellRing Brands, Inc. has a 12-month low of $44.37 and a 12-month high of $73.27. The company has a 50 day moving average price of $63.30 and a two-hundred day moving average price of $58.48.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRBR shares. Evercore ISI raised their target price on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Bank of America lifted their target price on BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.33.

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.