GSA Capital Partners LLP Buys 4,552 Shares of BellRing Brands, Inc. (NYSE:BRBR)

GSA Capital Partners LLP boosted its position in BellRing Brands, Inc. (NYSE:BRBR) by 23.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,892 shares of the company’s stock after buying 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 quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in shares of BellRing Brands during the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in BellRing Brands in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares in the last quarter. Quarry LP raised its holdings in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after buying an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of BellRing Brands by 165.3% in 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 in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Evercore ISI increased their price objective on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut 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. Stephens reissued an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Bank of America raised their price objective 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.14.

BellRing Brands Stock Up 0.5 %

BRBR opened at $72.16 on Thursday. BellRing Brands, Inc. has a twelve month low of $44.37 and a twelve month high of $73.27. The company’s 50-day moving average price is $62.98 and its two-hundred day moving average price is $58.38. The stock 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 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.