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

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $58.92.

BRBR has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley increased their target price on BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Stephens restated an “equal weight” rating and set a $51.00 price target on shares of BellRing Brands in a report on Tuesday, February 6th. TD Cowen initiated coverage on shares of BellRing Brands in a report on Monday, April 22nd. They issued a “buy” rating and a $64.00 price objective for the company. Finally, Mizuho boosted their target price on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 18th.

Insider Activity at BellRing Brands

In other news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the sale, the director now directly owns 24,646 shares in the company, valued at approximately $1,424,785.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Several large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in shares of BellRing Brands in the first quarter worth approximately $32,000. Parallel Advisors LLC raised its position in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the 1st quarter valued at $37,000. Allworth Financial LP grew its stake in shares of BellRing Brands by 59.2% in the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. bought a new position in shares of BellRing Brands during the fourth quarter valued at about $44,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 0.3 %

BRBR opened at $56.18 on Tuesday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 2.14 and a beta of 0.83. BellRing Brands has a twelve month low of $34.58 and a twelve month high of $62.76. The company has a 50-day simple moving average of $57.68 and a 200 day simple moving average of $53.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The firm had revenue of $430.40 million during the quarter, compared to the consensus estimate of $407.91 million. Sell-side analysts anticipate that BellRing Brands will post 1.67 EPS 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.