BellRing Brands (NYSE:BRBR) Rating Reiterated by Stephens

BellRing Brands (NYSE:BRBR)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a report issued on Tuesday, Benzinga reports. They presently have a $55.00 price objective on the stock. Stephens’ price target points to a potential upside of 2.08% from the company’s previous close.

A number of other research firms have also weighed in on BRBR. Evercore ISI lifted their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Barclays lifted their price target on BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. TD Cowen increased their price objective on BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their target price on BellRing Brands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Mizuho increased their price target on shares of BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $62.64.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $53.88 on Tuesday. The stock has a market capitalization of $7.03 billion, a PE ratio of 37.42, a P/E/G ratio of 1.50 and a beta of 0.84. BellRing Brands has a one year low of $36.14 and a one year high of $62.76. The business’s fifty day moving average price is $55.11 and its 200-day moving average price is $56.72.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, equities analysts expect that BellRing Brands will post 1.8 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the transaction, the chairman now directly owns 215,054 shares in the company, valued at $12,935,498.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of BellRing Brands during the second quarter valued at approximately $28,000. Rise Advisors LLC purchased a new stake in BellRing Brands during the 1st quarter valued at $32,000. Parallel Advisors LLC boosted its position in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands in the 1st quarter worth $37,000. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in shares of BellRing Brands in the fourth quarter valued at about $44,000. 94.97% of the stock is owned by hedge funds and other 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.