BellRing Brands Inc. (NYSE:BRBR) Stock Has Average Price Target of $18.57 According to Brokerages

BellRing Brands Inc. (NYSE:BRBR) has been assigned a consensus rating of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $18.57.

BRBR has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on BellRing Brands from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. dropped their price target on BellRing Brands from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, October 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday, October 6th. UBS Group set a $9.50 price objective on shares of BellRing Brands in a research report on Thursday, October 15th. Finally, Barclays reduced their price objective on shares of BellRing Brands from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently modified their holdings of BRBR. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of BellRing Brands during the second quarter valued at about $42,868,000. Amundi boosted its position in BellRing Brands by 106.4% during the 1st quarter. Amundi now owns 2,255,734 shares of the company’s stock valued at $36,295,000 after acquiring an additional 1,162,996 shares in the last quarter. Edgestream Partners L.P. bought a new stake in BellRing Brands during the 3rd quarter valued at approximately $8,100,000. Pacer Advisors Inc. grew its holdings in shares of BellRing Brands by 2,125.3% during the 1st quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock worth $9,499,000 after acquiring an additional 563,833 shares during the period. Finally, Steamboat Capital Partners LLC purchased a new position in shares of BellRing Brands during the 2nd quarter worth approximately $5,118,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $10.15 on Wednesday. BellRing Brands has a fifty-two week low of $7.33 and a fifty-two week high of $33.56. The stock has a 50 day simple moving average of $9.01 and a two-hundred day simple moving average of $12.84. The stock has a market cap of $1.18 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 4.57 and a beta of 0.47.

About BellRing Brands

BellRing Brands, Inc. is a consumer nutrition company focused on convenient, protein-rich products. Its portfolio includes Premier Protein, which offers ready-to-drink shakes, powders and nutrition bars, and Dymatize, which makes sports nutrition products such as protein powders and supplements. The company sells its products primarily in the United States and also serves consumers in international markets. Its products are available through a range of retail and online channels. BellRing became an independent publicly traded company in 2019 after its separation from Post Holdings.