BellRing Brands, Inc. (NYSE:BRBR) Given Average Rating of “Moderate Buy” by Analysts

BellRing Brands, Inc. (NYSE:BRBR) has been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $77.13.

A number of research analysts have recently commented on the company. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Bank of America lifted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen upped their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On BellRing Brands

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

BellRing Brands Stock Performance

NYSE BRBR opened at $78.21 on Thursday. The company has a market capitalization of $10.07 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $80.06. The company has a 50-day simple moving average of $75.90 and a 200 day simple moving average of $65.31.

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