Analysts Set BellRing Brands, Inc. (NYSE:BRBR) Price Target at $31.64

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been given an average rating of “Buy” by the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $31.00.

BRBR has been the subject of several analyst reports. Truist cut shares of BellRing Brands from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Wednesday. Citigroup lifted their price objective on shares of BellRing Brands from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, August 10th. Truist Financial downgraded shares of BellRing Brands to a “hold” rating and set a $30.00 target price for the company. in a research note on Wednesday. The Goldman Sachs Group boosted their price target on BellRing Brands from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, July 2nd. Finally, Evercore ISI raised BellRing Brands from an “in-line” rating to an “outperform” rating in a research report on Monday, August 9th.

In other news, SVP Craig L. Rosenthal purchased 1,725 shares of the stock in a transaction on Monday, August 9th. The stock was purchased at an average price of $29.09 per share, for a total transaction of $50,180.25. Following the acquisition, the senior vice president now owns 25,290 shares in the company, valued at $735,686.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert V. Vitale acquired 10,300 shares of the firm’s stock in a transaction dated Monday, August 9th. The shares were purchased at an average price of $29.10 per share, with a total value of $299,730.00. Following the completion of the transaction, the chairman now owns 10,300 shares of the company’s stock, valued at $299,730. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BRBR. FORA Capital LLC bought a new position in shares of BellRing Brands in the second quarter valued at $49,000. Lazard Asset Management LLC lifted its stake in shares of BellRing Brands by 24.8% in the first quarter. Lazard Asset Management LLC now owns 2,196 shares of the company’s stock valued at $51,000 after buying an additional 437 shares in the last quarter. Royal Bank of Canada lifted its stake 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 valued at $70,000 after buying an additional 1,898 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of BellRing Brands by 143.1% during the first quarter. Truvestments Capital LLC now owns 3,843 shares of the company’s stock valued at $91,000 after purchasing an additional 2,262 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of BellRing Brands during the second quarter valued at about $215,000. 97.81% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BRBR traded down $0.23 on Monday, hitting $25.71. 2,174 shares of the company’s stock were exchanged, compared to its average volume of 298,266. The firm has a 50-day moving average price of $31.51 and a 200-day moving average price of $29.43. BellRing Brands has a 52 week low of $17.90 and a 52 week high of $34.19. The company has a market cap of $1.02 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.92.

BellRing Brands (NYSE:BRBR) last released its earnings results on Thursday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. BellRing Brands had a negative return on equity of 1.44% and a net margin of 2.35%. The business had revenue of $342.60 million for the quarter, compared to analyst estimates of $297.50 million. Research analysts anticipate that BellRing Brands will post 0.94 earnings per share for the current year.

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.

Featured Story: Liquidity

Analyst Recommendations for BellRing Brands (NYSE:BRBR)

Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter.