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

BellRing Brands, Inc. (NYSE:BRBR) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $77.87.

BRBR has been the topic of several research reports. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus increased their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup raised their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Stephens reiterated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the sale, the director now owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in BellRing Brands during the third quarter valued at about $31,000. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. boosted its position in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the fourth quarter valued at approximately $52,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

BRBR opened at $76.55 on Monday. The company has a market capitalization of $9.86 billion, a P/E ratio of 35.94, a PEG ratio of 2.34 and a beta of 0.86. The company has a 50-day moving average of $75.79 and a 200-day moving average of $67.61. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, sell-side analysts expect that BellRing Brands will post 2.23 earnings per share for the current fiscal 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.