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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.64.

BRBR has been the subject of several research reports. Stephens reiterated an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. reduced their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th.

BellRing Brands Stock Down 0.4 %

BRBR opened at $60.72 on Friday. The company has a market capitalization of $7.92 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The firm has a 50-day simple moving average of $54.68 and a two-hundred day simple moving average of $56.62. BellRing Brands has a 52 week low of $39.90 and a 52 week high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $515.40 million during the quarter, compared to analysts’ expectations of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. As a group, sell-side analysts expect that BellRing Brands will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors have recently added to or reduced their stakes in BRBR. Opal Wealth Advisors LLC purchased a new position in shares of BellRing Brands in the 2nd quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in shares of BellRing Brands in the first quarter worth $32,000. Parallel Advisors LLC lifted its stake in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after buying an additional 361 shares during the period. Quarry LP grew its holdings in shares of BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after acquiring an additional 615 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.