Assetmark Inc. Acquires 682 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Assetmark Inc. lifted its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 53.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,947 shares of the company’s stock after purchasing an additional 682 shares during the period. Assetmark Inc.’s holdings in BellRing Brands were worth $118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BRBR. D. E. Shaw & Co. Inc. increased its stake in shares of BellRing Brands by 135.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after purchasing an additional 847,161 shares during the period. Vanguard Group Inc. grew its position in BellRing Brands by 5.3% during the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after buying an additional 698,121 shares in the last quarter. Squarepoint Ops LLC grew its position in BellRing Brands by 665.2% during the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after buying an additional 545,371 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new stake in BellRing Brands during the third quarter worth about $30,753,000. Finally, Point72 Asset Management L.P. grew its position in BellRing Brands by 23.3% during the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock worth $121,775,000 after buying an additional 402,666 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRBR. Deutsche Bank Aktiengesellschaft decreased their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stephens reissued an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Evercore ISI lifted 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. 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. Finally, Bank of America lifted their target price on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $67.33.

BellRing Brands Price Performance

Shares of BRBR opened at $72.09 on Monday. The company has a market capitalization of $9.32 billion, a P/E ratio of 43.17, a PEG ratio of 1.61 and a beta of 0.84. BellRing Brands, Inc. has a one year low of $44.37 and a one year high of $73.27. The business’s 50 day simple moving average is $63.93 and its 200-day simple moving average is $58.73.

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.