BellRing Brands (NYSE:BRBR) Rating Reiterated by Stephens

BellRing Brands (NYSE:BRBR)‘s stock had its “equal weight” rating reiterated by equities research analysts at Stephens in a report issued on Tuesday, Benzinga reports. They presently have a $53.00 price target on the stock. Stephens’ target price indicates a potential downside of 8.76% from the company’s current price.

A number of other brokerages have also issued reports on BRBR. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective on shares of BellRing Brands in a report on Tuesday. Morgan Stanley upped their price objective on BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Barclays raised their target price on BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Mizuho upped their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, TD Cowen initiated coverage on BellRing Brands in a research report on Monday, April 22nd. They set a “buy” rating and a $64.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.58.

BellRing Brands Trading Down 0.6 %

BRBR stock opened at $58.09 on Tuesday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.18 and a beta of 0.85. The firm has a 50-day moving average of $57.88 and a two-hundred day moving average of $54.40. 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 quarterly earnings data on Monday, May 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. As a group, equities analysts forecast that BellRing Brands will post 1.67 earnings per share for the current year.

Institutional Trading of BellRing Brands

Several hedge funds have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in BellRing Brands during the 1st quarter worth approximately $32,000. Parallel Advisors LLC increased its position in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the first quarter worth $37,000. Global Wealth Management Investment Advisory Inc. purchased a new position in BellRing Brands in the fourth quarter valued at $44,000. Finally, Allworth Financial LP boosted its holdings in BellRing Brands by 59.2% in the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock valued at $42,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.