BellRing Brands (NYSE:BRBR) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of BellRing Brands (NYSE:BRBR) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $64.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC lifted their price target on BellRing Brands from $52.00 to $62.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Truist Financial lowered BellRing Brands from a buy rating to a hold rating and dropped their price target for the company from $55.00 to $50.00 in a research report on Wednesday, January 3rd. Citigroup began coverage on BellRing Brands in a research report on Thursday, February 1st. They set a buy rating and a $67.00 price target on the stock. Stifel Nicolaus lifted their price target on BellRing Brands from $60.00 to $63.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Finally, Stephens reiterated an equal weight rating and set a $51.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, BellRing Brands presently has an average rating of Moderate Buy and a consensus price target of $57.62.

BellRing Brands Trading Down 0.6 %

Shares of NYSE BRBR opened at $55.26 on Monday. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 44.56, a P/E/G ratio of 2.13 and a beta of 0.83. BellRing Brands has a 1-year low of $34.58 and a 1-year high of $62.76. The stock’s 50-day moving average is $57.68 and its 200 day moving average is $53.50.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $407.91 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. On average, analysts forecast that BellRing Brands will post 1.67 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the sale, the director now owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of BellRing Brands

Hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in BellRing Brands during the first quarter valued at about $32,000. Parallel Advisors LLC boosted its stake in shares of BellRing Brands by 153.6% in the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands in the first quarter worth about $37,000. Allworth Financial LP boosted its stake in shares of BellRing Brands by 59.2% in the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. bought a new position in shares of BellRing Brands in the fourth quarter worth about $44,000. 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.