BellRing Brands’ (BRBR) Neutral Rating Reaffirmed at DA Davidson

BellRing Brands (NYSE:BRBR)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a research report issued on Tuesday,Benzinga reports. They presently have a $75.00 price objective on the stock. DA Davidson’s price objective would suggest a potential upside of 0.83% from the company’s previous close.

Several other equities research analysts have also issued reports on BRBR. Stephens reiterated an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Barclays lifted their price objective on shares of BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Truist Financial lifted their price target on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $73.93.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $74.38 on Tuesday. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 1.61 and a beta of 0.84. BellRing Brands has a one year low of $46.03 and a one year high of $75.44. The firm has a fifty day moving average price of $64.89 and a two-hundred day moving average price of $59.07.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts expect that BellRing Brands will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC boosted its holdings in shares of BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares during the period. Hanseatic Management Services Inc. grew its position in shares of BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after buying an additional 263 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of BellRing Brands by 3.8% during the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after buying an additional 276 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after acquiring an additional 374 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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.