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

BellRing Brands, Inc. (NYSE:BRBR) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $75.60.

BRBR has been the subject of a number of analyst reports. Truist Financial increased their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Mizuho raised their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Barclays boosted their target price on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price target 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, DA Davidson reissued a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th.

BellRing Brands Price Performance

NYSE BRBR opened at $76.04 on Friday. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $79.90. The business has a 50 day simple moving average of $73.32 and a two-hundred day simple moving average of $62.59. The stock has a market capitalization of $9.79 billion, a PE ratio of 40.66, a P/E/G ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. BellRing Brands’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that BellRing Brands will post 2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds have recently modified their holdings of BRBR. Raymond James & Associates lifted its holdings in BellRing Brands by 57.1% during the second quarter. Raymond James & Associates now owns 21,290 shares of the company’s stock worth $1,217,000 after buying an additional 7,739 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of BellRing Brands during the 2nd quarter worth $293,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BellRing Brands by 7.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,167 shares of the company’s stock valued at $1,609,000 after purchasing an additional 2,001 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in BellRing Brands in the second quarter valued at about $580,000. Finally, Hanseatic Management Services Inc. raised its holdings in BellRing Brands by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after purchasing an additional 263 shares in the last quarter. 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.