BellRing Brands’ (BRBR) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of BellRing Brands (NYSE:BRBR) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $75.00 price target on the stock.

Several other research firms have also issued reports on BRBR. Truist Financial increased their target price on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Stephens restated an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Jefferies Financial Group upped their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

BellRing Brands Stock Performance

BRBR opened at $73.28 on Tuesday. The firm has a market cap of $9.47 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. BellRing Brands has a 52-week low of $44.37 and a 52-week high of $74.00. The business’s fifty day moving average is $64.56 and its 200-day moving average is $58.96.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts predict that BellRing Brands will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky raised its position in shares of BellRing Brands by 1.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 77,816 shares of the company’s stock worth $4,725,000 after acquiring an additional 1,380 shares during the last quarter. MML Investors Services LLC raised its position in shares of BellRing Brands by 8.9% during the third quarter. MML Investors Services LLC now owns 5,832 shares of the company’s stock worth $354,000 after acquiring an additional 476 shares during the last quarter. Zacks Investment Management raised its position in shares of BellRing Brands by 1.1% during the third quarter. Zacks Investment Management now owns 70,195 shares of the company’s stock worth $4,262,000 after acquiring an additional 748 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of BellRing Brands during the third quarter worth about $245,000. Finally, Wellington Management Group LLP raised its position in shares of BellRing Brands by 11.4% during the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after acquiring an additional 281,667 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Company Profile

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.