BellRing Brands Inc. (NYSE:BRBR) Stock Has Consensus Price Target of $18.57

BellRing Brands Inc. (NYSE:BRBR) has received an average rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.57.

A number of analysts have recently issued reports on BRBR shares. DA Davidson increased their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Stifel Nicolaus boosted their price target on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Barclays dropped their target price on shares of BellRing Brands from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. TD Cowen lowered their price target on shares of BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, October 13th. Finally, UBS Group set a $9.50 target price on BellRing Brands in a report on Thursday, October 15th.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in BRBR. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in BellRing Brands during the second quarter valued at about $42,868,000. Amundi grew its holdings in BellRing Brands by 106.4% in the first quarter. Amundi now owns 2,255,734 shares of the company’s stock valued at $36,295,000 after purchasing an additional 1,162,996 shares during the last quarter. Assenagon Asset Management S.A. grew its position in BellRing Brands by 42.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,265,443 shares of the company’s stock valued at $9,731,000 after acquiring an additional 378,466 shares during the period. Bank of America Corp DE increased its stake in shares of BellRing Brands by 25.0% in the first quarter. Bank of America Corp DE now owns 1,248,761 shares of the company’s stock worth $20,093,000 after buying an additional 250,144 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its position in BellRing Brands by 55.8% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,084,423 shares of the company’s stock valued at $8,339,000 after purchasing an additional 388,319 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 6.5%

BRBR opened at $9.18 on Wednesday. The firm’s fifty day simple moving average is $9.04 and its 200 day simple moving average is $13.02. The stock has a market capitalization of $1.07 billion, a P/E ratio of 7.16, a P/E/G ratio of 4.49 and a beta of 0.47. BellRing Brands has a 12 month low of $7.33 and a 12 month high of $33.56.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share 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 for the quarter, compared to the consensus estimate of $548.72 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that BellRing Brands will post 1.02 EPS for the current fiscal year.

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.