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

BellRing Brands, Inc. (NYSE:BRBR) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $75.60.

BRBR has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Mizuho boosted their target price on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Evercore ISI boosted their target price on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in shares of BellRing Brands in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in BellRing Brands during the third quarter worth $31,000. Farther Finance Advisors LLC grew its holdings in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the period. Truvestments Capital LLC acquired a new position in BellRing Brands during the third quarter worth $44,000. Finally, Quarry LP grew its holdings in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $76.90 on Wednesday. The business has a 50-day simple moving average of $68.12 and a 200-day simple moving average of $60.27. The company has a market cap of $9.90 billion, a PE ratio of 41.12, a P/E/G ratio of 2.60 and a beta of 0.86. BellRing Brands has a one year low of $48.06 and a one year high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts predict that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

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.