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

Farther Finance Advisors LLC boosted its position in 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 buying an additional 474 shares during the quarter. Farther Finance Advisors LLC’s holdings in BellRing Brands were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BRBR. Oak Ridge Investments LLC lifted its holdings in BellRing Brands by 2.6% in the third quarter. Oak Ridge Investments LLC now owns 126,836 shares of the company’s stock worth $7,701,000 after acquiring an additional 3,224 shares during the last quarter. Andina Capital Management LLC raised its position in shares of BellRing Brands by 7.5% during the 3rd quarter. Andina Capital Management LLC now owns 7,459 shares of the company’s stock worth $453,000 after purchasing an additional 523 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $433,000. Hunter Associates Investment Management LLC boosted its position in BellRing Brands by 11.7% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 53,330 shares of the company’s stock valued at $3,245,000 after purchasing an additional 5,580 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in BellRing Brands by 5.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,003 shares of the company’s stock worth $910,000 after buying an additional 805 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Evercore ISI boosted their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, 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. Three equities 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, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $67.33.

BellRing Brands Trading Up 0.5 %

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

About BellRing Brands

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.