BellRing Brands, Inc. (NYSE:BRBR) Receives $76.67 Average Price Target from Brokerages

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $76.67.

A number of brokerages recently commented on BRBR. Bank of America raised their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Barclays raised their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th.

BellRing Brands Stock Down 1.1 %

Shares of BellRing Brands stock opened at $75.98 on Thursday. The company’s fifty day simple moving average is $75.69 and its two-hundred day simple moving average is $64.84. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a market cap of $9.79 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted 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. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same period last year, the firm earned $0.41 earnings per share. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth $31,000. Farther Finance Advisors LLC boosted its position in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the last quarter. UMB Bank n.a. increased its holdings in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares in the last quarter. Truvestments Capital LLC purchased a new position in BellRing Brands in the 3rd quarter worth about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the 4th quarter valued at about $52,000. Institutional investors own 94.97% of the company’s stock.

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.