BellRing Brands (NYSE:BRBR) Now Covered by Analysts at TD Cowen

TD Cowen assumed coverage on shares of BellRing Brands (NYSE:BRBR) in a report published on Monday, MarketBeat reports. The firm issued a buy rating and a $64.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Stephens restated an equal weight rating and set a $51.00 target price on shares of BellRing Brands in a report on Tuesday, February 6th. Stifel Nicolaus boosted their target price on shares of BellRing Brands from $60.00 to $63.00 and gave the company a buy rating in a report on Wednesday, February 7th. Mizuho boosted their target price on shares of BellRing Brands from $57.00 to $60.00 and gave the company a buy rating in a report on Thursday, January 18th. Needham & Company LLC boosted their target price on shares of BellRing Brands from $52.00 to $62.00 and gave the company a buy rating in a report on Tuesday, February 6th. Finally, Morgan Stanley lifted their price target on BellRing Brands from $61.00 to $65.00 and gave the stock an overweight rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of Moderate Buy and a consensus target price of $57.62.

BellRing Brands Trading Up 2.1 %

BRBR opened at $55.11 on Monday. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 2.05 and a beta of 0.83. The stock has a fifty day simple moving average of $57.84 and a two-hundred day simple moving average of $53.37. BellRing Brands has a 12-month low of $34.58 and a 12-month high of $62.76.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The firm had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $407.91 million. On average, analysts predict that BellRing Brands will post 1.67 EPS for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the transaction, the director now owns 24,646 shares of the company’s stock, valued at approximately $1,424,785.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently bought and sold shares of BRBR. State of Michigan Retirement System increased its position in shares of BellRing Brands by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 32,145 shares of the company’s stock valued at $1,898,000 after purchasing an additional 600 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of BellRing Brands during the 1st quarter valued at about $7,415,000. Artemis Investment Management LLP increased its position in shares of BellRing Brands by 13.7% during the 1st quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock valued at $45,720,000 after purchasing an additional 93,505 shares during the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of BellRing Brands by 77.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 9,015 shares of the company’s stock valued at $532,000 after purchasing an additional 3,939 shares during the last quarter. Finally, Sarasin & Partners LLP increased its position in shares of BellRing Brands by 133.3% during the 1st quarter. Sarasin & Partners LLP now owns 70,000 shares of the company’s stock valued at $4,132,000 after purchasing an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.