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

BellRing Brands, Inc. (NYSE:BRBR) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $76.67.

A number of research analysts have recently issued reports on BRBR shares. Citigroup upped their price target on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America upped their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Jefferies Financial Group increased their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus lifted their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

Institutional Investors Weigh In On BellRing Brands

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

BellRing Brands Stock Performance

Shares of BRBR stock opened at $76.23 on Thursday. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. BellRing Brands has a one year low of $48.06 and a one year high of $79.90. The company’s 50-day moving average is $75.44 and its 200 day moving average is $64.56.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, research analysts predict that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

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.