BellRing Brands Inc. (NYSE:BRBR) Stock Rated “Hold” by Wall Street Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.10.

BRBR has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on shares of BellRing Brands in a report on Friday, October 9th. They issued an “outperform” rating and a $12.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday, October 6th. DA Davidson upped their target price on BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently modified their holdings of BRBR. Parallel Advisors LLC boosted its stake in BellRing Brands by 52.2% during the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after buying an additional 1,109 shares during the last quarter. IFP Advisors Inc grew its holdings in BellRing Brands by 279.4% in the 2nd quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock valued at $51,000 after buying an additional 2,914 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in BellRing Brands by 67.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company’s stock valued at $72,000 after buying an additional 1,809 shares in the last quarter. Versant Capital Management Inc grew its holdings in BellRing Brands by 336.0% in the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock valued at $36,000 after buying an additional 3,578 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $65,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 1.5%

Shares of NYSE:BRBR opened at $8.64 on Friday. The stock has a fifty day simple moving average of $9.53 and a two-hundred day simple moving average of $11.32. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 3.95 and a beta of 0.43. BellRing Brands has a 12-month low of $7.33 and a 12-month high of $35.67.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The business had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that BellRing Brands will post 1.03 EPS for the current year.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing’s principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.