Chartwell Investment Partners LLC Increases Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Chartwell Investment Partners LLC boosted its position in BellRing Brands, Inc. (NYSE:BRBR) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,928 shares of the company’s stock after purchasing 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 institutional investors and hedge funds have also bought and sold shares of BRBR. Janney Montgomery Scott LLC purchased a new position in BellRing Brands in the first quarter worth about $428,000. Envestnet Portfolio Solutions Inc. purchased a new position in BellRing Brands in the first quarter worth about $229,000. Illinois Municipal Retirement Fund purchased a new position in BellRing Brands in the first quarter worth about $1,021,000. Headlands Technologies LLC boosted its position in BellRing Brands by 55.5% in the first quarter. Headlands Technologies LLC now owns 2,316 shares of the company’s stock worth $137,000 after purchasing an additional 827 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in BellRing Brands by 73.0% in the first quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock worth $3,374,000 after purchasing an additional 24,126 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

NYSE:BRBR 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 stock’s 50 day simple moving average is $62.66 and its two-hundred day simple moving average is $58.27. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 1.65 and a beta of 0.84.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. 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. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Stephens reaffirmed an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Barclays raised their price objective on BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Bank of America raised their price objective on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $66.14.

About BellRing Brands

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.