BellRing Brands, Inc. (NYSE:BRBR) Receives Average Recommendation of "Moderate Buy" from Brokerages

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.00.

Several equities analysts have commented on BRBR shares. Morgan Stanley began coverage on shares of BellRing Brands in a research note on Monday, March 24th. They set an "overweight" rating and a $84.00 target price on the stock. Citigroup decreased their target price on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Truist Financial reduced their price target on shares of BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Tuesday.

Insider Activity at BellRing Brands

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now directly owns 57,836 shares of the company's stock, valued at $4,345,218.68. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its position in shares of BellRing Brands by 11.8% during the fourth quarter. Truist Financial Corp now owns 672,139 shares of the company's stock worth $50,639,000 after buying an additional 70,878 shares during the period. Ieq Capital LLC purchased a new position in BellRing Brands in the 4th quarter worth about $10,673,000. LMR Partners LLP purchased a new stake in BellRing Brands during the fourth quarter valued at about $17,328,000. Raymond James Financial Inc. purchased a new position in shares of BellRing Brands in the fourth quarter worth approximately $18,356,000. Finally, Savant Capital LLC purchased a new position in BellRing Brands during the 4th quarter worth approximately $2,207,000. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Trading Up 2.2%

BRBR stock traded up $1.34 during mid-day trading on Wednesday, hitting $61.71. 2,827,656 shares of the company were exchanged, compared to its average volume of 1,341,457. The firm has a fifty day simple moving average of $70.58 and a 200 day simple moving average of $73.14. The company has a market capitalization of $7.84 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. The company had revenue of $588.00 million for the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. BellRing Brands's quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has initiated a share buyback program on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.