BellRing Brands (NYSE:BRBR) Earns Equal Weight Rating from Stephens

Stephens restated their equal weight rating on shares of BellRing Brands (NYSE:BRBR) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a $55.00 price objective on the stock.

BRBR has been the topic of several other research reports. Barclays boosted their target price on BellRing Brands from $62.00 to $65.00 and gave the company an overweight rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. raised their target price on shares of BellRing Brands from $64.00 to $65.00 and gave the company an overweight rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of BellRing Brands from $67.00 to $65.00 and set a buy rating on the stock in a research report on Thursday, July 25th. TD Cowen raised their price objective on BellRing Brands from $64.00 to $70.00 and gave the company a buy rating in a report on Wednesday, May 8th. Finally, Mizuho upped their target price on BellRing Brands from $60.00 to $68.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, BellRing Brands has an average rating of Moderate Buy and an average price target of $62.64.

BellRing Brands Stock Performance

Shares of BRBR opened at $54.97 on Tuesday. The firm’s 50 day moving average price is $55.07 and its two-hundred day moving average price is $56.71. BellRing Brands has a twelve month low of $36.69 and a twelve month high of $62.76. The firm has a market cap of $7.17 billion, a P/E ratio of 38.17, a PEG ratio of 1.50 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The firm 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 70.95% and a net margin of 10.39%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, sell-side analysts anticipate that BellRing Brands will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, Chairman Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the sale, the chairman now owns 215,054 shares of the company’s stock, valued at approximately $12,935,498.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of BellRing Brands

Several hedge funds have recently added to or reduced their stakes in BRBR. Thornburg Investment Management Inc. increased its position in BellRing Brands by 51.1% during the 4th quarter. Thornburg Investment Management Inc. now owns 154,240 shares of the company’s stock worth $8,550,000 after buying an additional 52,181 shares during the period. Franklin Resources Inc. grew its stake in shares of BellRing Brands by 60.3% in the fourth quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock valued at $203,239,000 after acquiring an additional 1,379,138 shares in the last quarter. SG Americas Securities LLC increased its position in BellRing Brands by 1,007.4% during the first quarter. SG Americas Securities LLC now owns 68,349 shares of the company’s stock worth $4,035,000 after acquiring an additional 62,177 shares during the period. Charles Schwab Investment Management Inc. raised its stake in BellRing Brands by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,171,230 shares of the company’s stock worth $64,921,000 after purchasing an additional 33,613 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in BellRing Brands by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock valued at $736,151,000 after purchasing an additional 155,252 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

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.