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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $78.79.

Several research firms have issued reports on BRBR. Mizuho upped their price target on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Bank of America boosted their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays increased their price target on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Truist Financial raised their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th.

BellRing Brands Stock Down 2.8 %

Shares of BRBR stock opened at $66.21 on Friday. The stock has a 50-day simple moving average of $73.85 and a 200 day simple moving average of $69.85. The stock has a market capitalization of $8.49 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.24 and a beta of 0.85. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last posted 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 net margin of 13.32% and a negative return on equity of 130.14%. On average, sell-side analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands announced that its board has authorized a share buyback program on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently bought and sold shares of BRBR. Vanguard Group Inc. increased its holdings in shares of BellRing Brands by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock valued at $1,012,419,000 after acquiring an additional 135,105 shares during the last quarter. Wasatch Advisors LP boosted its position in BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after purchasing an additional 494,669 shares during the period. Franklin Resources Inc. grew its holdings in BellRing Brands by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock valued at $344,885,000 after purchasing an additional 96,991 shares during the last quarter. Invesco Ltd. raised its position in shares of BellRing Brands by 35.7% in the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company’s stock valued at $321,429,000 after purchasing an additional 1,121,691 shares during the period. Finally, State Street Corp lifted its stake in shares of BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after buying an additional 50,339 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

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.