BellRing Brands (NYSE:BRBR) Given Equal Weight Rating at Stephens

BellRing Brands (NYSE:BRBR)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a research note issued on Tuesday,Benzinga reports. They currently have a $75.00 price objective on the stock. Stephens’ target price points to a potential downside of 2.00% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays increased their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price target on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Bank of America raised their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.53.

BellRing Brands Stock Up 2.1 %

Shares of NYSE:BRBR opened at $76.53 on Tuesday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.67. The business has a 50 day moving average of $75.96 and a 200-day moving average of $66.23. The stock has a market cap of $9.86 billion, a PE ratio of 40.92, a P/E/G ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. Equities research analysts expect that BellRing Brands will post 2.16 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaBridge Investment Advisors LLC lifted its stake in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after buying an additional 142 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in BellRing Brands by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after purchasing an additional 185 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in BellRing Brands by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company’s stock worth $305,000 after purchasing an additional 211 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.