Thursday, October 17, 2024
HomeFinnacial"New Century Financial Group LLC has acquired 3,752 shares in BellRing Brands,...

“New Century Financial Group LLC has acquired 3,752 shares in BellRing Brands, Inc. (NYSE: BRBR).”

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Recent institutional investments in BellRing Brands (NYSE: BRBR) include Opal Wealth Advisors acquiring $28,000 worth of shares and Rise Advisors investing approximately $32,000. Parallel Advisors increased their stake by 153.6%, owning now $33,000 worth, while Quarry LP raised theirs by 65.3% to $55,000. GAMMA Investing expanded their position by 165.3%, now owning $56,000 of stock. Overall, institutional investors hold 94.97% of BellRing’s stock.

BellRing Brands Stock Overview

On Thursday, BRBR opened at $60.40, with a 52-week range of $40.57 to $62.76. Its 50-day moving average is $56.09, and the market cap stands at $7.88 billion. The P/E ratio is 41.94, and earnings per share for this year are expected to be $1.90.

Analyst Ratings

Analysts have varying ratings for BellRing, with Stephens maintaining an “equal weight” rating at $55. Deutsche Bank lowered their target to $65, maintaining a “buy” rating. Currently, BellRing has an average rating of “Moderate Buy” with a consensus target price of $62.64.

Company Profile

BellRing Brands, Inc. offers a range of nutritional products including protein shakes and bars, primarily under the Premier Protein and Dymatize brands.

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