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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $58.92.

Several research analysts have recently weighed in on BRBR shares. Morgan Stanley upped their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Needham & Company LLC upped their price target on shares of BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Citigroup started coverage on shares of BellRing Brands in a report on Thursday, February 1st. They issued a “buy” rating and a $67.00 price target for the company. Stifel Nicolaus upped 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. Finally, Truist Financial cut shares of BellRing Brands from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $50.00 in a report on Wednesday, January 3rd.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $56.34 on Tuesday. The stock has a market cap of $7.38 billion, a P/E ratio of 45.44, a P/E/G ratio of 2.10 and a beta of 0.83. The firm has a 50 day moving average price of $57.68 and a 200 day moving average price of $53.68. BellRing Brands has a 52-week low of $34.58 and a 52-week high of $62.76.

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

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,424,785.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Institutional Trading of BellRing Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in BellRing Brands during the first quarter worth $32,000. Parallel Advisors LLC raised its position in 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 acquiring an additional 361 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands during the first quarter worth $37,000. Allworth Financial LP raised its position in BellRing Brands by 59.2% during 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 in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in BellRing Brands during the fourth quarter worth $44,000. 94.97% of the stock is owned by institutional investors.

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.