BellRing Brands, Inc. (NYSE:BRBR) Receives Average Rating of “Moderate Buy” from Analysts

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $76.67.

BRBR has been the topic of several research reports. Jefferies Financial Group lifted their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Mizuho upped their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th.

BellRing Brands Price Performance

Shares of BRBR opened at $76.23 on Thursday. The firm has a market cap of $9.82 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $79.90. The company has a 50 day simple moving average of $75.44 and a two-hundred day simple moving average of $64.56.

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

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently modified their holdings of BRBR. Wasatch Advisors LP boosted its holdings in BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after acquiring an additional 494,669 shares during the period. Franklin Resources Inc. grew its holdings in shares of BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after purchasing an additional 380,216 shares during the last quarter. State Street Corp increased its stake in BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after buying an additional 50,339 shares during the period. Wellington Management Group LLP increased its stake in BellRing Brands by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after buying an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in BellRing Brands by 21.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after buying an additional 457,796 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other 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.