Assetmark Inc. Has $118,000 Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Assetmark Inc. increased its stake in BellRing Brands, Inc. (NYSE:BRBR) by 53.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,947 shares of the company’s stock after acquiring an additional 682 shares during the period. Assetmark Inc.’s holdings in BellRing Brands were worth $118,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in BellRing Brands in the 2nd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter worth 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 raised its position in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on BRBR shares. Jefferies Financial Group upped their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America upped their target price on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Stephens reiterated an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Truist Financial upped 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 research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.33.

BellRing Brands Stock Down 0.5 %

Shares of BRBR stock opened at $72.09 on Monday. BellRing Brands, Inc. has a 12-month low of $44.37 and a 12-month high of $73.27. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. The firm has a fifty day moving average of $63.93 and a 200-day moving average of $58.73.

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.