BellRing Brands (NYSE:BRBR) Earns “Equal Weight” Rating from Stephens

BellRing Brands (NYSE:BRBR)‘s stock had its “equal weight” rating reissued by Stephens in a report released on Tuesday,Benzinga reports. They currently have a $75.00 price target on the stock. Stephens’ price target would indicate a potential downside of 2.00% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Stifel Nicolaus lifted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen boosted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Barclays increased their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.53.

BellRing Brands Price Performance

BRBR opened at $76.53 on Tuesday. The firm has a 50 day simple moving average of $75.96 and a 200 day simple moving average of $66.23. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. As a group, analysts expect that BellRing Brands will post 2.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Creative Planning increased its stake in BellRing Brands by 10.3% in the 2nd quarter. Creative Planning now owns 22,121 shares of the company’s stock valued at $1,264,000 after buying an additional 2,072 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in BellRing Brands by 13.1% during the third quarter. Handelsbanken Fonder AB now owns 35,480 shares of the company’s stock worth $2,154,000 after acquiring an additional 4,100 shares in the last quarter. CWM LLC boosted its position in BellRing Brands by 264.3% during the third quarter. CWM LLC now owns 3,927 shares of the company’s stock valued at $238,000 after purchasing an additional 2,849 shares during the last quarter. Carnegie Investment Counsel grew its stake in BellRing Brands by 17.8% in the third quarter. Carnegie Investment Counsel now owns 55,667 shares of the company’s stock valued at $3,380,000 after purchasing an additional 8,423 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of BellRing Brands by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock worth $796,000 after purchasing an additional 2,097 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.