BellRing Brands, Inc. (NYSE:BRBR) Receives Average Recommendation of “Moderate Buy” from Brokerages

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $77.87.

A number of research firms recently weighed in on BRBR. Stifel Nicolaus increased their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, TD Cowen upped their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th.

BellRing Brands Price Performance

BellRing Brands stock opened at $72.99 on Monday. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $80.67. The firm has a market capitalization of $9.36 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company’s 50-day moving average is $75.61 and its 200 day moving average is $68.58.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. Research analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the transaction, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 203,636 shares of company stock worth $15,581,650. Corporate insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SeaBridge Investment Advisors LLC lifted its position in BellRing Brands by 0.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after acquiring an additional 142 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares during the last quarter. Dorsey Wright & Associates raised its holdings in shares of BellRing Brands by 0.3% in the fourth quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock worth $3,799,000 after buying an additional 163 shares during the last quarter. Chartwell Investment Partners LLC raised its holdings in shares of BellRing Brands by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after buying an additional 181 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its holdings in shares of BellRing Brands by 3.0% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock worth $472,000 after buying an additional 185 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Company Profile

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.