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

BellRing Brands, Inc. (NYSE:BRBRGet Free Report) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $56.08.

Several analysts have commented on the stock. DA Davidson assumed coverage on shares of BellRing Brands in a research note on Friday, December 8th. They issued a “neutral” rating and a $60.00 target price for the company. Stifel Nicolaus raised their price target on shares of BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Barclays boosted their price objective on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Mizuho upped their price target on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Truist Financial cut BellRing Brands from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research note on Wednesday, January 3rd.

View Our Latest Stock Analysis on BellRing Brands

BellRing Brands Price Performance

Shares of BRBR opened at $59.83 on Thursday. The firm has a 50 day simple moving average of $55.14 and a 200-day simple moving average of $46.95. BellRing Brands has a 1-year low of $29.13 and a 1-year high of $60.26. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 48.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

BellRing Brands (NYSE:BRBRGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $472.60 million during the quarter, compared to analysts’ expectations of $462.65 million. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The company’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. On average, equities analysts expect that BellRing Brands will post 1.66 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the sale, the director now directly owns 24,646 shares in the company, valued at $1,424,785.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently bought and sold shares of BRBR. Geneos Wealth Management Inc. purchased a new position in BellRing Brands in the 1st quarter worth about $31,000. Parallel Advisors LLC grew its stake in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after acquiring an additional 361 shares in the last quarter. Point72 Middle East FZE purchased a new position in BellRing Brands during the 4th quarter valued at about $33,000. Allworth Financial LP grew its stake in BellRing Brands by 59.2% during the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock valued at $42,000 after acquiring an additional 375 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in BellRing Brands during the 4th quarter valued at about $44,000. 94.90% of the stock is currently owned by institutional investors.

BellRing Brands Company Profile

(Get Free Report

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.

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