BellRing Brands Inc. (NYSE:BRBR) Given Average Rating of "Moderate Buy" by Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $77.00.

BRBR has been the topic of several research analyst reports. Citigroup reduced their price target on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley started coverage on shares of BellRing Brands in a report on Monday, March 24th. They issued an "overweight" rating and a $84.00 target price on the stock. Evercore ISI cut their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their target price on shares of BellRing Brands from $75.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Tuesday, May 27th.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $58.77 on Friday. BellRing Brands has a one year low of $48.06 and a one year high of $80.67. The company's 50-day simple moving average is $66.45 and its 200-day simple moving average is $71.46. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.85 and a beta of 0.74.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The business had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. During the same quarter last year, the company posted $0.45 earnings per share. The company's quarterly revenue was up 18.9% compared to the same quarter last year. As a group, research analysts forecast that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands declared that its board has approved a share buyback plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $60.58, for a total value of $96,928.00. Following the completion of the transaction, the chief executive officer now owns 206,778 shares of the company's stock, valued at approximately $12,526,611.24. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas J. Cornille sold 3,192 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now directly owns 57,836 shares of the company's stock, valued at $4,345,218.68. This represents a 5.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,392 shares of company stock worth $437,399. Corporate insiders own 1.07% of the company's stock.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRBR. Blue Trust Inc. boosted its stake in BellRing Brands by 160.5% in the 4th quarter. Blue Trust Inc. now owns 1,050 shares of the company's stock worth $79,000 after purchasing an additional 647 shares during the period. Sanctuary Advisors LLC boosted its stake in BellRing Brands by 16.4% in the 4th quarter. Sanctuary Advisors LLC now owns 8,413 shares of the company's stock worth $668,000 after purchasing an additional 1,185 shares during the period. CIBC Asset Management Inc boosted its stake in BellRing Brands by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company's stock worth $305,000 after purchasing an additional 211 shares during the period. Private Advisor Group LLC acquired a new position in BellRing Brands in the 4th quarter worth approximately $228,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of BellRing Brands by 1.7% during the 4th quarter. Handelsbanken Fonder AB now owns 36,080 shares of the company's stock valued at $2,718,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.