BellRing Brands, Inc. (NYSE:BRBR) Given Average Rating of “Moderate Buy” by Brokerages

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.60.

Several research analysts have recently commented on BRBR shares. Mizuho lifted their price target on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup raised their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently bought and sold shares of BRBR. GAMMA Investing LLC grew its position in BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after acquiring an additional 615 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of BellRing Brands during the second quarter worth about $28,000. M&G Plc grew its position in shares of BellRing Brands by 12.4% during the second quarter. M&G Plc now owns 157,181 shares of the company’s stock worth $8,959,000 after buying an additional 17,383 shares in the last quarter. Andina Capital Management LLC grew its position in shares of BellRing Brands by 14.2% during the second quarter. Andina Capital Management LLC now owns 6,936 shares of the company’s stock worth $396,000 after buying an additional 862 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of BellRing Brands by 1,006.0% during the second quarter. Assenagon Asset Management S.A. now owns 372,590 shares of the company’s stock worth $21,290,000 after buying an additional 338,903 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Stock Down 0.9 %

NYSE BRBR opened at $76.90 on Wednesday. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $79.90. The business’s fifty day simple moving average is $68.12 and its 200-day simple moving average is $60.27. The firm has a market cap of $9.90 billion, a PE ratio of 41.12, a P/E/G ratio of 2.60 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts expect that BellRing Brands will post 2.16 EPS for the current year.

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.