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

BellRing Brands, Inc. (NYSE:BRBR) has received an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $62.64.

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Stephens reaffirmed an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th.

BellRing Brands Price Performance

Shares of BRBR opened at $59.44 on Friday. The business’s 50-day moving average is $54.38 and its 200-day moving average is $56.67. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 1.51 and a beta of 0.85. BellRing Brands has a fifty-two week low of $39.90 and a fifty-two week high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. During the same quarter in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts expect that BellRing Brands will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. Opal Wealth Advisors LLC bought a new stake in BellRing Brands during the 2nd quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in BellRing Brands in the 1st quarter worth approximately $32,000. Parallel Advisors LLC lifted its holdings in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after buying an additional 361 shares during the last quarter. Quarry LP boosted its position in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of BellRing Brands by 165.3% in the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after acquiring an additional 615 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

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.