Entropy Technologies LP Makes New $1.44 Million Investment in BellRing Brands, Inc. (NYSE:BRBR)

Entropy Technologies LP bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,777 shares of the company’s stock, valued at approximately $1,444,000.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in BellRing Brands in the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its position in BellRing Brands by 243.1% in the 3rd 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 last quarter. Quarry LP lifted its holdings in BellRing Brands by 65.3% during the 2nd 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 increased its stake in shares of BellRing Brands by 165.3% in the 2nd 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 owned by institutional investors.

BellRing Brands Trading Up 0.6 %

BRBR stock opened at $71.78 on Wednesday. BellRing Brands, Inc. has a 1-year low of $44.37 and a 1-year high of $72.00. The business’s 50-day moving average price is $62.66 and its two-hundred day moving average price is $58.27. The firm has a market cap of $9.28 billion, a PE ratio of 42.98, a P/E/G ratio of 1.65 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRBR. Barclays raised their price target on BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced 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. Bank of America boosted their price target on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Evercore ISI upped their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average price target 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.