BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its position in BellRing Brands, Inc. (NYSE:BRBR) by 17.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,171 shares of the company’s stock after selling 2,727 shares during the period. Aigen Investment Management LP’s holdings in BellRing Brands were worth $800,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Chartwell Investment Partners LLC boosted its position in BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after acquiring an additional 242 shares during the period. Hanseatic Management Services Inc. raised its position in BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after acquiring an additional 263 shares during the period. Bessemer Group Inc. lifted its holdings in BellRing Brands by 3.8% during the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after purchasing an additional 276 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after purchasing an additional 374 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BRBR. Barclays raised their price target on shares of BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their price target on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Stephens restated an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Truist Financial increased 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Moderate Buy” and an average target price of $66.14.

BellRing Brands Stock Up 0.6 %

BRBR stock opened at $71.78 on Wednesday. BellRing Brands, Inc. has a 52-week low of $44.37 and a 52-week high of $72.00. The business has a fifty day moving average of $62.66 and a two-hundred day moving average of $58.27. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 1.65 and a beta of 0.84.

BellRing Brands 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.