Quest Partners LLC Purchases 44,981 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Quest Partners LLC lifted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 630.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,112 shares of the company’s stock after acquiring an additional 44,981 shares during the period. Quest Partners LLC’s holdings in BellRing Brands were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in BellRing Brands by 12.8% in the third quarter. Thrivent Financial for Lutherans now owns 94,667 shares of the company’s stock valued at $5,749,000 after acquiring an additional 10,720 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of BellRing Brands by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 101,475 shares of the company’s stock valued at $6,162,000 after purchasing an additional 589 shares in the last quarter. Empowered Funds LLC increased its stake in shares of BellRing Brands by 151.4% in the 3rd quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock valued at $4,241,000 after purchasing an additional 42,059 shares during the last quarter. KBC Group NV raised its holdings in shares of BellRing Brands by 14.1% during the 3rd quarter. KBC Group NV now owns 3,583 shares of the company’s stock worth $218,000 after buying an additional 443 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of BellRing Brands by 17.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 49,090 shares of the company’s stock worth $2,981,000 after buying an additional 7,388 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Jefferies Financial Group lifted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday. Bank of America upped their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Barclays raised their target price on shares of BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.33.

BellRing Brands Stock Down 0.5 %

Shares of BellRing Brands stock opened at $72.09 on Monday. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 43.17, a P/E/G ratio of 1.61 and a beta of 0.84. BellRing Brands, Inc. has a twelve month low of $44.37 and a twelve month high of $73.27. The company’s fifty day moving average is $63.93 and its 200 day moving average is $58.73.

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.