Crossmark Global Holdings Inc. Raises Position in BellRing Brands, Inc. (NYSE:BRBR)

Crossmark Global Holdings Inc. increased its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,746 shares of the company’s stock after purchasing an additional 429 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in BellRing Brands were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BRBR. Opal Wealth Advisors LLC purchased a new position in BellRing Brands in the 2nd quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in BellRing Brands in the 3rd quarter worth $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 period. Quarry LP increased its position in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of BellRing Brands by 165.3% in the second 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 period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

NYSE:BRBR opened at $72.09 on Friday. BellRing Brands, Inc. has a one year low of $44.37 and a one year high of $73.27. The company’s 50-day simple moving average is $63.93 and its 200 day simple moving average is $58.71. The firm has a market capitalization of $9.32 billion, a P/E ratio of 43.17, a PEG ratio of 1.63 and a beta of 0.84.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Evercore ISI boosted their price objective on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stephens restated an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Bank of America boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.33.

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.