BellRing Brands’ (BRBR) Equal Weight Rating Reaffirmed at Stephens

Stephens reissued their equal weight rating on shares of BellRing Brands (NYSE:BRBR) in a research report released on Tuesday morning, Benzinga reports. They currently have a $53.00 price objective on the stock.

Several other brokerages also recently issued reports on BRBR. Morgan Stanley upped their target price on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an overweight rating in a research note on Thursday, March 7th. Barclays raised their price target on shares of BellRing Brands from $56.00 to $62.00 and gave the company an overweight rating in a report on Thursday, February 8th. Mizuho increased their price objective on shares of BellRing Brands from $57.00 to $60.00 and gave the company a buy rating in a research report on Thursday, January 18th. TD Cowen assumed coverage on shares of BellRing Brands in a research note on Monday, April 22nd. They set a buy rating and a $64.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on BellRing Brands from $60.00 to $63.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $59.08.

BellRing Brands Stock Up 2.2 %

BRBR opened at $58.44 on Tuesday. The stock has a market cap of $7.65 billion, a PE ratio of 47.13, a PEG ratio of 2.18 and a beta of 0.85. The business has a 50 day moving average of $57.88 and a 200-day moving average of $54.40. BellRing Brands has a 52 week low of $34.58 and a 52 week high of $62.76.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The company had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $467.22 million. During the same period last year, the company posted $0.24 EPS. BellRing Brands’s revenue was up 28.3% on a year-over-year basis. Equities analysts anticipate that BellRing Brands will post 1.67 EPS for the current year.

Institutional Trading of BellRing Brands

Several hedge funds have recently made changes to their positions in BRBR. Pathstone Family Office LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $697,000. International Assets Investment Management LLC bought a new stake in BellRing Brands during the fourth quarter valued at about $5,076,000. Federated Hermes Inc. grew its stake in BellRing Brands by 19.8% in the third quarter. Federated Hermes Inc. now owns 264,718 shares of the company’s stock valued at $10,914,000 after purchasing an additional 43,766 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in BellRing Brands by 273.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,074,396 shares of the company’s stock worth $44,298,000 after purchasing an additional 786,756 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of BellRing Brands in the 3rd quarter valued at about $19,316,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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.