BellRing Brands, Inc. (NYSE:BRBR) Receives Consensus Rating of “Moderate Buy” from Brokerages

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $62.64.

A number of research analysts have recently commented on the company. Stephens reissued an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lowered 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 note on Wednesday, August 7th.

BellRing Brands Stock Performance

BellRing Brands stock opened at $59.44 on Friday. The firm has a market capitalization of $7.75 billion, a P/E ratio of 41.28, a P/E/G ratio of 1.51 and a beta of 0.85. The company has a 50-day simple moving average of $54.38 and a 200-day simple moving average of $56.67. BellRing Brands has a one year low of $39.90 and a one year high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company had revenue of $515.40 million for the quarter, compared to analysts’ expectations of $504.73 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, sell-side analysts forecast that BellRing Brands will post 1.9 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands in the second quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in BellRing Brands in the 1st quarter worth approximately $32,000. Parallel Advisors LLC grew its position in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after purchasing an additional 361 shares in the last quarter. Quarry LP raised its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. Finally, GAMMA Investing LLC raised its stake in BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after purchasing an additional 615 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.