Stephens Reiterates “Equal Weight” Rating for BellRing Brands (NYSE:BRBR)

BellRing Brands (NYSE:BRBRGet Free Report)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They presently have a $51.00 price target on the stock. Stephens’ price objective points to a potential downside of 13.03% from the company’s previous close.

Several other research firms have also recently weighed in on BRBR. Bank of America boosted their target price on BellRing Brands from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Morgan Stanley lifted their price target on BellRing Brands from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Mizuho lifted their price target on BellRing Brands from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Truist Financial lowered BellRing Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $50.00 in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus lifted their price target on BellRing Brands from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.31.

Get Our Latest Report on BellRing Brands

BellRing Brands Stock Performance

Shares of BRBR opened at $58.64 on Tuesday. The stock has a 50-day simple moving average of $54.79 and a 200-day simple moving average of $46.36. The stock has a market capitalization of $7.69 billion, a PE ratio of 47.29, a PEG ratio of 2.28 and a beta of 0.84. BellRing Brands has a 1 year low of $29.13 and a 1 year high of $58.83.

BellRing Brands (NYSE:BRBRGet Free Report) last posted its earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $472.60 million during the quarter, compared to analysts’ expectations of $462.65 million. BellRing Brands had a negative return on equity of 54.10% and a net margin of 9.52%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts predict that BellRing Brands will post 1.6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new position in BellRing Brands during the first quarter worth $31,000. Point72 Middle East FZE acquired a new position in BellRing Brands during the fourth quarter worth $33,000. Allworth Financial LP boosted its position in BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after purchasing an additional 375 shares in the last quarter. Global Wealth Management Investment Advisory Inc. purchased a new stake in BellRing Brands during the fourth quarter worth $44,000. Finally, Smithfield Trust Co purchased a new stake in BellRing Brands during the second quarter worth $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

About BellRing Brands

(Get Free Report)

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.

Further Reading

Analyst Recommendations for BellRing Brands (NYSE:BRBR)

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