BellRing Brands (NYSE:BRBR) Stock Price Up 7.7% – Still a Buy?

Shares of BellRing Brands Inc. (NYSE:BRBR) were up 7.7% on Thursday. The company traded as high as $9.73 and last traded at $9.8450. Approximately 465,625 shares were traded during trading, a decline of 89% from the average daily volume of 4,415,759 shares. The stock had previously closed at $9.14.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BRBR shares. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. BNP Paribas Exane initiated coverage on BellRing Brands in a research note on Friday, October 9th. They issued an “outperform” rating and a $12.00 price target on the stock. Stifel Nicolaus increased their price objective on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Barclays lowered their price objective on BellRing Brands from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, TD Cowen lowered their price objective on BellRing Brands from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, BellRing Brands currently has an average rating of “Hold” and a consensus price target of $18.70.

BellRing Brands Price Performance

The firm has a 50-day moving average of $9.31 and a 200 day moving average of $11.08. The company has a market capitalization of $1.13 billion, a PE ratio of 6.84, a PEG ratio of 4.43 and a beta of 0.43.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently made changes to their positions in BRBR. Isthmus Partners LLC increased its position in shares of BellRing Brands by 108.5% during the 3rd quarter. Isthmus Partners LLC now owns 284,751 shares of the company’s stock valued at $2,190,000 after purchasing an additional 148,182 shares during the last quarter. Counterpoint Mutual Funds LLC increased its holdings in BellRing Brands by 55.8% during the third quarter. Counterpoint Mutual Funds LLC now owns 1,084,423 shares of the company’s stock valued at $8,339,000 after buying an additional 388,319 shares during the last quarter. Assenagon Asset Management S.A. raised its position in BellRing Brands by 42.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,265,443 shares of the company’s stock worth $9,731,000 after acquiring an additional 378,466 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of BellRing Brands during the 3rd quarter worth $39,000. Finally, Everhart Financial Group Inc. purchased a new position in shares of BellRing Brands during the 3rd quarter worth $79,000. 94.97% of the stock is currently owned by institutional investors.

About BellRing Brands

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.