JPMorgan Chase & Co. Has $153.04 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

JPMorgan Chase & Co. increased its position in BellRing Brands, Inc. (NYSE:BRBRGet Rating) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,148,421 shares of the company’s stock after purchasing an additional 283,041 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.51% of BellRing Brands worth $153,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRBR. Nisa Investment Advisors LLC acquired a new stake in BellRing Brands in the first quarter worth about $474,000. SG Americas Securities LLC acquired a new position in shares of BellRing Brands during the 1st quarter worth about $1,216,000. Whittier Trust Co. acquired a new position in shares of BellRing Brands during the 1st quarter worth about $108,000. State of New Jersey Common Pension Fund D acquired a new position in shares of BellRing Brands during the 1st quarter worth about $842,000. Finally, Arizona State Retirement System grew its position in shares of BellRing Brands by 192.0% during the 1st quarter. Arizona State Retirement System now owns 31,056 shares of the company’s stock worth $717,000 after buying an additional 20,422 shares during the period. 81.45% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Price Performance

NYSE:BRBR opened at $22.45 on Monday. BellRing Brands, Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $29.09. The stock has a market capitalization of $3.06 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The business’s 50-day simple moving average is $23.11 and its 200-day simple moving average is $24.09.

Wall Street Analyst Weigh In

BRBR has been the subject of several analyst reports. Morgan Stanley decreased their target price on 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 boosted their target price on BellRing Brands from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, Citigroup restated a “buy” rating and set a $35.00 target price 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 assigned a buy rating to the company. According to MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and an average price target of $33.33.

BellRing Brands Company Profile

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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.

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

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