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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.60.

BRBR has been the subject of several research analyst reports. Truist Financial increased their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Citigroup raised their price target on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stephens upped their target price on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Barclays raised their target price on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Stifel Nicolaus boosted their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in BellRing Brands by 57.1% during the second quarter. Raymond James & Associates now owns 21,290 shares of the company’s stock worth $1,217,000 after buying an additional 7,739 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of BellRing Brands in the second quarter worth about $293,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BellRing Brands by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,167 shares of the company’s stock worth $1,609,000 after acquiring an additional 2,001 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of BellRing Brands during the 2nd quarter valued at about $580,000. Finally, Hanseatic Management Services Inc. increased its stake in shares of BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after purchasing an additional 263 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Trading Down 1.0 %

Shares of BRBR stock opened at $76.04 on Friday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The business’s fifty day simple moving average is $73.32 and its 200-day simple moving average is $62.59. The company has a market cap of $9.79 billion, a PE ratio of 40.66, a PEG ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 103.89% and a net margin of 12.35%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, equities analysts forecast that BellRing Brands will post 2.16 earnings per share for the current 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.