Aigen Investment Management LP Cuts Position in BellRing Brands, Inc. (NYSE:BRBR)

Aigen Investment Management LP reduced its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 17.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after acquiring an additional 698,121 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BellRing Brands by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock worth $138,482,000 after buying an additional 86,992 shares during the period. Point72 Asset Management L.P. lifted its holdings in BellRing Brands by 23.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock worth $121,775,000 after buying an additional 402,666 shares in the last quarter. Driehaus Capital Management LLC boosted its position in BellRing Brands by 4.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,064,167 shares of the company’s stock valued at $117,947,000 after buying an additional 91,149 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after acquiring an additional 847,161 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRBR has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Evercore ISI boosted their price objective on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Barclays boosted their price target on shares of BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.14.

BellRing Brands Trading Up 0.6 %

Shares of NYSE BRBR opened at $71.78 on Wednesday. The stock has a market cap of $9.28 billion, a P/E ratio of 42.98, a P/E/G ratio of 1.65 and a beta of 0.84. The stock has a 50 day moving average of $62.66 and a two-hundred day moving average of $58.27. BellRing Brands, Inc. has a twelve month low of $44.37 and a twelve month high of $72.00.

BellRing Brands Company 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.