Chartwell Investment Partners LLC Boosts Position in BellRing Brands, Inc. (NYSE:BRBR)

Chartwell Investment Partners LLC grew its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,928 shares of the company’s stock after buying an additional 181 shares during the period. Chartwell Investment Partners LLC’s holdings in BellRing Brands were worth $1,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after buying an additional 242 shares during the period. Hanseatic Management Services Inc. increased its stake in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after buying an additional 263 shares during the period. Bessemer Group Inc. increased its stake in shares of 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 buying an additional 276 shares during the period. Fifth Third Bancorp grew its stake in BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares during the period. Finally, Quarry LP grew its stake in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

BellRing Brands stock opened at $71.78 on Wednesday. BellRing Brands, Inc. has a one year low of $44.37 and a one year high of $72.00. The stock has a market capitalization of $9.28 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 1.65 and a beta of 0.84. The business’s fifty day moving average is $62.66 and its 200 day moving average is $58.27.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Stephens reaffirmed an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Truist Financial upped their price target on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Bank of America boosted their target price on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Moderate Buy” and an average target price of $66.14.

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.