Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Target Price at $30.25

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been given an average recommendation of “Buy” by the fourteen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $30.25.

Several equities analysts have weighed in on the stock. Consumer Edge raised shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Thursday, February 11th. Morgan Stanley lifted their price target on shares of BellRing Brands from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, May 20th. Citigroup lifted their price target on shares of BellRing Brands from $29.00 to $32.00 in a report on Tuesday, May 11th. Zacks Investment Research raised shares of BellRing Brands from a “sell” rating to a “hold” rating in a report on Tuesday, May 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of BellRing Brands from $29.00 to $32.00 in a report on Tuesday, May 11th.

NYSE BRBR traded down $0.38 during trading hours on Tuesday, hitting $28.26. 176,123 shares of the company’s stock traded hands, compared to its average volume of 240,759. The stock has a fifty day simple moving average of $26.37. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 50.46, a P/E/G ratio of 1.54 and a beta of 0.86. BellRing Brands has a 52 week low of $17.68 and a 52 week high of $29.91.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Thursday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $282.10 million during the quarter, compared to analyst estimates of $269.25 million. BellRing Brands had a net margin of 2.06% and a negative return on equity of 1.22%. Analysts forecast that BellRing Brands will post 0.85 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of BellRing Brands in the fourth quarter worth about $38,000. Lazard Asset Management LLC bought a new position in shares of BellRing Brands in the fourth quarter worth about $42,000. Nisa Investment Advisors LLC grew its holdings in shares of BellRing Brands by 25.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,450 shares of the company’s stock worth $60,000 after purchasing an additional 500 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of BellRing Brands by 177.5% in the first quarter. Royal Bank of Canada now owns 2,967 shares of the company’s stock worth $70,000 after purchasing an additional 1,898 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of BellRing Brands in the first quarter worth about $133,000. Hedge funds and other institutional investors own 99.02% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc manufactures and sells nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, and nutrition bars and supplements. The company provides its products primarily under the Premier Protein, Premier Nutrition, Dymatize, PowerBar, Bell Ring, Joint Juice, and Supreme Protein brands.

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Analyst Recommendations for BellRing Brands (NYSE:BRBR)

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