BellRing Brands (NYSE:BRBR) Stock Picked Up by Analysts at BNP Paribas Exane

Key Points

• BNP Paribas Exane initiated coverage of BellRing Brands with an “outperform” rating and a $12 price target, implying 50% upside from the reported $8 share price.
• Analyst sentiment is mixed: BellRing has a consensus “hold” rating and an average price target of $19.30, based on 10 buys, eight holds and one sell.
• The company’s latest quarter showed revenue of $570.4 million, up 4.2% year over year and above estimates, but EPS of $0.30 missed consensus by $0.07. Institutional investors and hedge funds own approximately 94.97% of the stock.

Investment analysts at BNP Paribas Exane began coverage on shares of BellRing Brands (NYSE:BRBR - Get Free Report) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set an "outperform" rating and a $12.00 price target on the stock. BNP Paribas Exane's price objective would indicate a potential upside of 50.00% from the company's current price.

Other analysts also recently issued reports about the company. UBS Group increased their target price on BellRing Brands from $12.00 to $13.50 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on BellRing Brands from $13.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, July 28th. DA Davidson increased their target price on BellRing Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Barclays raised their target price on shares of BellRing Brands from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BellRing Brands presently has a consensus rating of "Hold" and an average price target of $19.30.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $8.00 on Friday. BellRing Brands has a 1-year low of $7.33 and a 1-year high of $35.67. The business has a fifty day moving average price of $9.85 and a 200-day moving average price of $11.52. The company has a market capitalization of $930.22 million, a PE ratio of 5.63, a PEG ratio of 3.58 and a beta of 0.43.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, sell-side analysts anticipate that BellRing Brands will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently made changes to their positions in the business. Everhart Financial Group Inc. purchased a new position in BellRing Brands in the 3rd quarter worth $79,000. Versant Capital Management Inc grew its stake in shares of BellRing Brands by 336.0% during the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company's stock worth $36,000 after purchasing an additional 3,578 shares during the period. Cim Investment Management Inc. acquired a new stake in BellRing Brands during the second quarter valued at $137,000. Sequoia Financial Advisors LLC purchased a new position in shares of BellRing Brands in the 2nd quarter valued at about $148,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of BellRing Brands in the second quarter valued at approximately $142,000. 94.97% of the stock is owned by institutional investors and hedge funds.

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.

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