GSA Capital Partners LLP Boosts Position in BellRing Brands, Inc. (NYSE:BRBR)

GSA Capital Partners LLP lifted its position in BellRing Brands, Inc. (NYSE:BRBR) by 23.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 23,892 shares of the company’s stock after purchasing an additional 4,552 shares during the period. GSA Capital Partners LLP’s holdings in BellRing Brands were worth $1,451,000 at the end of the most recent reporting period.

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

BellRing Brands Price Performance

BRBR opened at $72.16 on Thursday. The stock’s 50 day simple moving average is $62.98 and its 200 day simple moving average is $58.38. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 1.62 and a beta of 0.84. BellRing Brands, Inc. has a 1 year low of $44.37 and a 1 year high of $73.27.

Analyst Ratings Changes

A number of brokerages have weighed in on BRBR. Stephens restated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Barclays upped their price objective on shares of BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial lifted their target price on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI increased their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and an average target price 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.