BellRing Brands Inc. (NYSE:BRBR) Stock Has Average Target Price of $19.30 According to Brokerages

BellRing Brands Inc. (NYSE:BRBR) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.30.

A number of research firms have weighed in on BRBR. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Tuesday, October 6th. Barclays raised their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. BNP Paribas Exane assumed coverage on shares of BellRing Brands in a research note on Friday. They set an “outperform” rating and a $12.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, TD Cowen upped their target price on shares of BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th.

BellRing Brands Stock Up 0.4%

BRBR stock opened at $8.58 on Friday. The business’s 50-day moving average price is $9.69 and its 200-day moving average price is $11.41. The stock has a market cap of $997.91 million, a P/E ratio of 6.04, a PEG ratio of 3.97 and a beta of 0.43. BellRing Brands has a twelve month low of $7.33 and a twelve month high of $35.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The firm had revenue of $570.40 million during the quarter, compared to analysts’ expectations of $548.72 million. During the same period in the prior year, the company posted $0.55 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that BellRing Brands will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Large investors have recently made changes to their positions in the business. Everhart Financial Group Inc. purchased a new position in BellRing Brands during the 3rd quarter valued at approximately $79,000. Versant Capital Management Inc raised its holdings in shares of BellRing Brands by 336.0% during the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock worth $36,000 after acquiring an additional 3,578 shares in the last quarter. Cim Investment Management Inc. purchased a new stake in shares of BellRing Brands during the 2nd quarter worth approximately $137,000. Sequoia Financial Advisors LLC purchased a new stake in shares of BellRing Brands during the 2nd quarter worth approximately $148,000. Finally, WINTON GROUP Ltd bought a new position in shares of BellRing Brands during the 2nd quarter valued at approximately $142,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing’s principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.