8,566 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by Pictet Asset Management SA

Pictet Asset Management SA acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBRGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,566 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in BellRing Brands by 1.7% during the first quarter. Los Angeles Capital Management LLC now owns 24,637 shares of the company’s stock worth $569,000 after purchasing an additional 422 shares during the last quarter. Strs Ohio increased its position in BellRing Brands by 1.9% during the second quarter. Strs Ohio now owns 27,200 shares of the company’s stock worth $677,000 after purchasing an additional 500 shares during the last quarter. IndexIQ Advisors LLC increased its position in BellRing Brands by 4.4% during the first quarter. IndexIQ Advisors LLC now owns 18,667 shares of the company’s stock worth $431,000 after purchasing an additional 780 shares during the last quarter. Xponance Inc. increased its position in BellRing Brands by 4.9% during the second quarter. Xponance Inc. now owns 17,369 shares of the company’s stock worth $432,000 after purchasing an additional 818 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in BellRing Brands by 5.3% during the second quarter. Nisa Investment Advisors LLC now owns 21,629 shares of the company’s stock worth $538,000 after purchasing an additional 1,079 shares during the last quarter. 81.45% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

NYSE BRBR opened at $24.30 on Thursday. The firm has a 50 day simple moving average of $23.07 and a 200-day simple moving average of $24.11. BellRing Brands, Inc. has a one year low of $20.20 and a one year high of $29.09. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.29 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of BellRing Brands from $30.00 to $25.00 in a research report on Monday. Morgan Stanley dropped their price target on shares of BellRing Brands from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, October 14th. Mizuho lifted their price target on shares of BellRing Brands from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Finally, Citigroup reiterated a “buy” rating and set a $35.00 price target on shares of BellRing Brands in a research report on Tuesday, August 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

BellRing Brands Profile

(Get Rating)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

Featured Articles

Want to see what other hedge funds are holding BRBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BellRing Brands, Inc. (NYSE:BRBRGet Rating).

Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter.